Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): November 21, 2003

                         GREENE COUNTY BANCSHARES, INC.
             (Exact name of Registrant as specified in its charter)

          Tennessee                      0-14289                  62-1222567
          ---------                      -------                  ----------
(State or Other Jurisdiction           (Commission             (I.R.S. Employer
      of Incorporation)                File Number)          Identification No.)

            100 North Main Street, Greeneville, Tennessee 37743-4992
                    (Address of principal executive offices)

                                 (423) 639-5111
               Registrant's telephone number, including area code

                                 Not Applicable
          (Former Name or former address, if changed since last report)

Item 9.  Regulation FD Disclosure

     On November  21, 2003,  Greene  County  Bancshares,  Inc.  (the  "Company")
completed its acquisition of Gallatin,  Tennessee-based  Independent  Bankshares
Corporation.   The  Company  also  announced  that  Independent's   wholly-owned
subsidiary  banks,  First  Independent Bank and Rutherford Bank and Trust,  were
subsequently merged with the Company's wholly-owned subsidiary bank, with Greene
County Bank as the surviving  entity.  Further  information  is set forth in the
attached press release contained in Exhibit 99.1 hereto.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                          GREENE COUNTY BANCSHARES, INC.

Date:  November 21, 2003                  By:/s/ R. Stan Puckett
                                                 R. Stan Puckett
                                                 Chairman of the Board and
                                                 Chief Executive Officer
                                                (Duly Authorized Representative)

                                  EXHIBIT INDEX

Number         Description of Exhibit(s)
-------        -------------------------

 99.1          Copy of press release issued by the Company on November 21, 2003.