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August 19, 2011
Dear Fellow Shareholder:
According to our latest records, we have not yet received your proxy for the important Special Meeting of Green Bankshares, Inc. scheduled for September 7, 2011. Your Board of Directors urges shareholders to vote FOR the proposals relating to the transactions contemplated by the Investment Agreement with North American Financial Holdings, Inc.
If the shareholders of Green Bankshares do not approve the proposals in the proxy statement, NAFH will not make the approximately $217 million investment in Green Bankshares. The Board of Directors believes that the Company’s business, financial results and prospects could be materially and adversely affected if the transaction with NAFH is not completed.
Please vote FOR each of the proposals set out in the proxy statement today, by telephone, via the Internet or by signing and returning the enclosed proxy card in the postage-paid envelope provided.
Very truly yours,
Stephen M. Rownd
Chairman of the Board,
Chief Executive Officer and President
REMEMBER: You can vote your shares by telephone, or via the Internet.
Please follow the easy instructions on the enclosed proxy card.
If you have any questions, or need assistance voting your shares,
please call our proxy solicitor,
TOLL-FREE, at 1-888-750-5834.