Exhibit 99.1

Green Bankshares Announces Financial Results for the Fourth Quarter and Full Year 2011

GREENEVILLE, Tenn.--(BUSINESS WIRE)--April 9, 2012--Green Bankshares, Inc. (NASDAQ:GRNB), a majority-owned subsidiary of Capital Bank Financial Corp. ("CBF", formerly known as North American Financial Holdings, Inc.), today reported unaudited financial results for the fourth quarter of 2011. Operating and financial highlights include the following:

The Company reported a net loss available to common shareholders of $33.7 million, or $2.57 per diluted share, for the period prior to the CBF investment from January 1, 2011 through September 7, 2011;
The Company reported net income of $1.7 million and $2.6 million, or $0.01 and $0.02 per diluted share, for the periods subsequent to the CBF investment in the fourth quarter of 2011, and the period from September 8, 2011 through December 31, 2011, respectively; and
The Company held a 34% ownership in Capital Bank, National Association ("Capital Bank, NA") as of December 31, 2011.

CBF is a bank holding company formed with the goal of creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisition of other banks, including failed, underperforming and undercapitalized banks. CBF is the controlling owner of Capital Bank, NA, a $6.5 billion bank with 143 branches in Florida, North Carolina, South Carolina, Tennessee and Virginia.

"Thanks to the hard work of team mates across the Company, I am very proud to be able to say that today, Capital Bank, NA is a single bank, with 143 branches operating under one brand, offering a common set of products and processing on one IT system. That is a huge accomplishment for us in such a short period of time," stated Gene Taylor, Chairman and Chief Executive Officer of CBF and Green Bankshares, Inc.

"We are pleased with continued success in generating new loans and core deposits. These activities are helping customers achieve their goals and will lead to higher profitability for the Company," commented Chris Marshall, Chief Financial Officer of CBF and Green Bankshares, Inc.

Bank Mergers

On September 7, 2011, GreenBank, which was formerly a wholly owned subsidiary of the Company, merged (the "Bank Merger") with and into Capital Bank, NA, a national banking association and subsidiary of TIB Financial Corp. ("TIB Financial"), a corporation organized under the laws of the State of Florida, Capital Bank Corporation, a corporation organized under the laws of the state of North Carolina ("Capital Bank Corp.") and CBF, with Capital Bank, NA as the surviving entity. CBF is the owner of approximately 90% of the Company's common stock, approximately 83% of Capital Bank Corp.'s common stock and approximately 94% of TIB Financial's common stock.

As of December 31, 2011, Capital Bank, NA had total assets of $6.5 billion, total deposits of $5.1 billion and shareholders' equity of $939.8 million. As of December 31, 2011, following the Bank Merger, Capital Bank, NA operated 143 branches in Tennessee, Florida, North Carolina, South Carolina, and Virginia.

Through the subsidiary bank mergers the common stock of the subsidiary banks was converted into shares of Capital Bank, NA common stock based on each entity’s relative tangible book value. As a result of the mergers of TIB Bank, Capital Bank and Green Bank into Capital Bank, N.A., the Company now owns approximately 34% of Capital Bank, NA, with CBF directly owning 19%, Capital Bank Corp. directly owning 26% and TIB Financial owning the remaining 21%.

Due to its ownership level and significant influence, the Company's investment in Capital Bank, NA is recorded as an equity-method investment in that entity. As of December 31, 2011, the Company's investment in Capital Bank, NA totaled $315.3 million, which reflected the Company's pro rata ownership of Capital Bank, NA's total shareholders' equity as a result of the Bank Merger. In periods subsequent to the Bank Merger, the Company will adjust this equity investment balance based on its equity in Capital Bank, NA's net income and comprehensive income. In connection with the Bank Merger, assets and liabilities of GreenBank were deconsolidated from the Company's balance sheet, resulting in a significant decrease in total assets and total liabilities of the Company in the third quarter of 2011.

Potential Merger of the Company and CBF

On September 8, 2011, the Boards of Directors of CBF and the Company approved and adopted a merger agreement. The merger agreement provides for the merger, following the receipt of shareholder approval by the Company’s shareholders (including CBF), of the Company with and into CBF, with CBF continuing as the surviving entity. In the merger, each share of the Company’s common stock issued and outstanding immediately prior to the completion of the merger, except for shares for which appraisal rights are properly exercised and certain shares held by CBF or the Company, will be converted into the right to receive 0.0915 of a share of CBF Class A common stock. No fractional shares of Class A common stock will be issued in connection with the merger, and holders of the Company’s common stock will be entitled to receive cash in lieu thereof.

Since CBF is the majority shareholder of the Company, CBF will be able to determine the outcome of the shareholder vote needed to approve the merger.

Financial Discussion

Financial results for 2011 were significantly impacted by the controlling investment in the Company by CBF. The Company applied push-down accounting. Accordingly, the Company's assets and liabilities were adjusted to estimated fair values at the September 7, 2011 CBF investment date, resulting in elimination of the allowance for loan losses. The Company is still in the process of completing its fair value analysis of assets and liabilities, and final fair value adjustments may differ from the preliminary estimates recorded to date. Financial results prior to the CBF Investment have been labeled with "Predecessor Company" while results subsequent to the CBF Investment have been labeled with "Successor Company."

The Successor Company reported net income of $1.7 million for the fourth quarter of 2011, while the Predecessor Company reported a net loss available to common shareholders of $52.8 million for the fourth quarter of 2010. Regarding full year results, the Successor Company reported net income of $2.6 million for the period from September 8, 2011 through December 31, 2011, while the Predecessor Company reported a net loss available to common shareholders of $33.7 million for the period prior to the CBF investment from January 1, 2011 through September 7, 2011, and a net loss available to common shareholders of $85.7 million for the full year 2010.

Due to the difference in lengths of reporting periods and the Merger discussed above and the resulting deconsolidation of GreenBank on September 7, 2011, the operating results for the period from January 1, 2011 through September 7, 2011, only include the results of GreenBank for approximately eight months and therefore are generally not comparable to the operations in prior years.

The loss reported in the period from January 1, 2011 through September 7, 2011, was primarily due to a $43.7 million provision for loan losses and $24.8 million in foreclosed asset related expenses. The loss reported for the full year of 2010 was primarily due to a $71.1 million provision for loan losses and $35.4 million in foreclosed asset related expenses.

Predecessor Company net interest margin for the period from January 1, 2011 through September 7, 2011, was 3.86%, unchanged versus the full year of 2010. Subsequent to the deconsolidation of GreenBank on September 7, 2011, the net interest margin is not meaningful as the Company has no interest earning asset. As the Company accounts for its investment in Capital Bank, NA using the equity method, the Company's proportional share of the net after tax earnings of Capital Bank, NA is recorded as Equity in income of Capital Bank, NA, which for the period from September 8, 2011 through December 31, 2011, was $3.4 million.

The following table presents summarized financial information for Capital Bank, NA:

	Three Months Ended December 31, 2011
Interest income	$	74,163
Interest expense		9,266
Net interest income		64,897
Provision for loan losses		16,790
Non-interest income		16,105
Non-interest expense		53,271
Net income	$	6,797

About Green Bankshares

Headquartered in Greeneville, Tennessee, Green Bankshares, Inc. is a financial services company with a 34% equity method investment in Capital Bank, NA, a national banking association with approximately $6.5 billion in total assets and 143 branches serving communities in Tennessee, Florida, North Carolina, South Carolina, and Virginia.


GREEN BANKSHARES, INC.
Unaudited Financial Highlights
(In thousands except per share data)

	Successor Company						Predecessor Company						Successor Company			Predecessor Company
	Three Months Ended Dec. 31, 2011			Sept. 8 - Sept. 30, 2011			July 1 – Sept. 7, 2011			Three Months Ended Dec. 31, 2010			Sept. 8 - Dec. 31, 2011			Jan. 1 - Sept. 7, 2011			Year Ended Dec. 31, 2010
Operating Data:
Interest income	$	–		$	–		$	18,480		$	28,213		$	–		$	71,180		$	120,864
Interest expense		741			236			4,422			8,499			977			18,404			37,271
Net interest income (loss)		(741	)		(236	)		14,058			19,714			(977	)		52,776			83,593
Provision for loan losses		–			–			15,513			25,646			–			43,742			71,107
Noninterest income		2,297			1,169			11,940			7,058			3,465			27,803			32,544
Noninterest expense		188			95			29,585			41,986			282			77,382			110,815
Income tax provision (benefit)		(318	)		(123	)		974			10,688			(441	)		974			14,910
Net income (loss)		1,686			961			(20,074	)		(51,548	)		2,647			(41,519	)		(80,695	)
Preferred stock dividends and related cost		–			–			909			1,250			–			3,409			5,001
Gain on retirement of Series A preferred allocated to common shareholders		–			–			11,188			–			–			11,188			–
Net income (loss) available to common shareholders	$	1,686		$	961		$	(9,795	)	$	(52,798	)	$	2,647		$	(33,740	)	$	(85,696	)

Per Share of Common Stock:
Basic earnings (loss)	$	0.01		$	0.01		$	(0.75	)	$	(4.03	)	$	0.02		$	(2.57	)	$	(6.54	)
Diluted earnings (loss)	$	0.01		$	0.01		$	(0.75	)	$	(4.03	)	$	0.02		$	(2.57	)	$	(6.54	)
Dividends	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00

Weighted Average Shares Outstanding:
Basic		133,084			133,084			13,146			13,098			133,084			13,126			13,094
Diluted		133,160			133,174			13,146			13,098			133,160			13,126			13,094


	GREEN BANKSHARES, INC.
	End of Period Balances
	(Dollars in thousands except per share data)

		Successor Company				Predecessor Company
		Dec. 31, 2011		Sept. 30, 2011		Dec. 31, 2010
	Assets	$	321,238	$	319,439	$	2,406,040
	Investment in Capital Bank, NA		315,343		313,194		–
	Loans, net of unearned interest		–		–		1,745,378
	Cash and investments		2,091		2,347		509,415
	Federal funds sold		–		–		4,856
	Deposits		–		–		1,976,854
	FHLB advances and notes payable		–		–		158,653
	Subordinated debentures		45,180		44,944		88,662
	Repurchase agreements		–		–		19,413
	Shareholder's equity		260,049		258,582		143,897
	Common shareholder's equity ⁽¹⁾		260,049		258,582		75,776
	Tangible common shareholder's equity ⁽²⁾		216,810		215,901		69,025
	Tangible shareholder's equity ⁽³⁾		216,810		215,901		137,146

	Ratios:
	Common book value per share ⁽¹⁾	$	1.95	$	1.94	$	5.75
	Tangible common book value per share ⁽²⁾	$	1.63	$	1.62	$	5.23

⁽¹⁾	Common shareholder equity is shareholders' equity less preferred stock.
⁽²⁾	Tangible common shareholders' equity is shareholders' equity less goodwill, intangible assets and preferred stock.
⁽³⁾	Tangible shareholders' equity is shareholders' equity less goodwill and intangible assets.
⁽⁴⁾	Tangible assets is total assets less goodwill and intangible assets.


GREEN BANKSHARES, INC.
Consolidated Balance Sheets
(Dollars in thousands except per share data)

	(Unaudited) Successor Company						Predecessor Company
	Dec. 31, 2011			Sept. 30, 2011			Dec. 31, 2010
ASSETS

Cash and due from banks	$	2,091		$	2,347		$	289,358
Federal funds sold		–			–			4,856
Cash and cash equivalents		2,091			2,347			294,214
Investment in Capital Bank, NA		315,343			313,194		–
Securities available-for-sale ("AFS")		–			–			202,002
Securities held-to-maturity (with a December 31, 2010 market value of $467)		–			–			465
FHLB and other stock, at cost		–			–			12,734
Loans held for sale		–			–			1,299
Loans, net of unearned income		–			–			1,745,378
Allowance for loan losses		–			–			(66,830	)
Other real estate owned and repossessed assets		–			–			60,095
Bank premises and equipment, net		–			–			78,794
Cash surrender value of life insurance		–			–			31,479
Core deposit and other intangibles		–			–			6,751
Deferred Tax Asset ( December 31, 2010 net of valuation allowance of $43,455)		–			–			2,177
Other assets		3,804			3,898			37,482
Total assets	$	321,238		$	319,439		$	2,406,040

LIABILITIES AND SHAREHOLDERS' EQUITY

Non-interest-bearing deposits	$	–		$	–		$	152,752
Interest-bearing deposits		–			–			1,822,703
Brokered deposits		–			–			1,399
Total deposits		–			–			1,976,854
Federal funds purchased		–			–			–
Repurchase agreements		–			–			19,413
FHLB advances and notes payable		–			–			158,653
Subordinated debentures		45,180			44,944			88,662
Deferred Tax Liability		15,522			15,563			–
Accrued interest payable and other liabilities		487			350			18,561
Total liabilities		61,189			60,857			2,262,143

SHAREHOLDERS' EQUITY

Preferred stock: no par value, 1,000,000 shares authorized; 0, 0 and 72,278 shares outstanding		–			–			68,121
Common stock: $0.01, $0.01 and $2 par value, 300,000,000, 300,000,000 and 20,000,000 shares authorized; 133,160,384, 133,174,370 and 13,188,896 shares outstanding		1,332			1,332			26,378
Common stock warrants		–			–			6,934
Additional paid in capital		257,531			257,558			188,901
Retained earnings (deficit)		2,647			961			(147,436	)
Accumulated other comprehensive income		(1,461	)		(1,269	)		999
Total shareholders' equity		260,049			258,582			143,897
Total liabilities & shareholders' equity	$	321,238		$	319,439		$	2,406,040


GREEN BANKSHARES, INC.
Consolidated Statements of Income
(In thousands except per share data)

		Successor Company						Predecessor Company
		Three Months Ended Dec. 31, 2011			Sept. 8 - Sept. 30, 2011			July 1 - Sept. 7, 2011				Three Months Ended Dec. 31, 2010		Jan. 1 - Sept. 7, 2011			Year Ended
		Three Months Ended Dec. 31, 2011			Sept. 8 - Sept. 30, 2011			July 1 - Sept. 7, 2011				Three Months Ended Dec. 31, 2010		Jan. 1 - Sept. 7, 2011			Dec. 31, 2010			Dec. 31, 2009
	Interest income:
	Interest and fees on loans	$	–		$	–		$	16,854		$	26,543		$	65,258		$	113,721		$	129,212
	Taxable securities		–			–			1,202			1,078			4,290			4,938			7,035
	Nontaxable securities		–			–			204			319			790			1,241			1,260
	FHLB and other stock		–			–			102			122			374			530			573
	Federal funds sold and other		–			–			118			151			468			434			376
	Total interest income		–			–			18,480			28,213			71,180			120,864			138,456

	Interest expense:
	Deposits		–			–			2,873			6,303			12,764			28,434			45,768
	Federal funds purchased and repurchase agreements		–			–			3			5			11			22			29
	FHLB advances and notes payable		–			–			1,200			1,703			4,314			6,835			9,557
	Subordinated debentures		741			236			346			488			1,315			1,980			2,577
	Total interest expense		741			236			4,422			8,499			18,404			37,271			57,931

	Net interest income		(741	)		(236	)		14,058			19,714			52,776			83,593			80,525

	Provision for loan losses		–			–			15,513			25,646			43,742			71,107			50,246

	Non-interest income:
	Service charges on deposit accounts		–			–			4,137			4,896			16,346			24,179			23,738
	Other charges and fees		–			–			348			635			1,147			1,791			1,999
	Trust and investment services income		–			–			446			482			1,457			2,842			1,977
	Mortgage banking income		–			–			72			250			271			703			383
	Equity Method Income in Capital Bank NA		2,281			1,165			–			-			–			–			–
	Other income		16			4			613			795			2,258			3,122			3,042
	Securities gains (losses), net
	Realized gains (losses), net		–			–			6,324			–			6,324			–			1,415
	Other-than-temporary impairment		–			–			–			–			–			(553	)		(1,678	)
	Less non-credit portion recognized in other comprehensive income		–			–			–			–			–			460			702
	Total non-interest income		2,297			1,169			11,940			7,058			27,803			32,544			31,578

	Non-interest expense:
	Employee compensation		–			–			6,105			8,087			21,560			31,990			30,611
	Employee benefits		–			–			602			769			2,458			3,378			3,835
	Occupancy expense		–			–			1,803			1,733			5,308			6,908			6,956
	Equipment expense		–			–			661			728			2,176			2,846			3,092
	Computer hardware/software expense		–			–			653			897			2,508			3,523			2,816
	Professional services		102			61			1,189			853			3,099			2,777			2,108
	Advertising		–			–			448			327			1,533			2,388			1,894
	OREO maintenance expense		–			–			627			613			2,976			2,324			1,222
	Collection and repossession expense		–			–			408			899			1,727			3,228			3,131
	Loss on OREO and repossessed assets		–			–			13,672			21,922			20,101			29,895			8,156
	FDIC insurance		–			–			260			996			2,629			4,155			4,960
	Core deposit and other intangible amortization		–			–			467			647			1,716			2,584			2,750
	Goodwill impairment		–			–			–			–			–			–			143,389
	Other expenses		86			34			2,690			3,515			9,591			14,819			14,667
	Total non-interest expense		188			95			29,585			41,986			77,382			110,815			229,587
	Income (loss) before income taxes		1,368			838			(19,100	)		(40,860	)		(40,545	)		(65,785	)		(167,730	)
	Income taxes provision (benefit)		(318	)		(123	)		974			10,688			974			14,910			(17,036	)

	Net income (loss)		1,686			961			(20,074	)		(51,548	)		(41,519	)		(80,695	)		(150,694	)

	Preferred stock dividends and accretion of discount on warrants		–			–			909			1,250			3,409			5,001			4,982
	Gain on retirement of Series A preferred allocated to common shareholders		–			–			11,188			–			11,188			–			–
	Net income (loss) available to common shareholders	$	1,686		$	961		$	(9,795	)	$	(52,798	)	$	(33,740	)	$	(85,696	)	$	(155,676	)

	Per share of common stock:
	Basic earnings (loss)	$	0.01		$	0.01		$	(0.75	)	$	(4.03	)	$	(2.57	)	$	(6.54	)	$	(11.91	)
	Diluted earnings (loss)	$	0.01		$	0.01		$	(0.75	)	$	(4.03	)	$	(2.57	)	$	(6.54	)	$	(11.91	)
	Dividends	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00

	Weighted average shares outstanding:
	Basic		133,084			133,084			13,146			13,098			13,126			13,094			13,068
	Diluted ⁽¹⁾		133,160			133,174			13,146			13,098			13,126			13,094			13,068

⁽¹⁾	Diluted weighted average shares outstanding for the period from July 1, 2011 to September 7, 2011, January 1, 2011 to September 7, 2011, and three and twelve months ended December 31, 2010, excludes 119,150, 94,930, 92,674 and 92,979 shares, respectively, because they are anti-dilutive.


	GREEN BANKSHARES, INC.
	Consolidated Average Balances, Interest Rates and Yields

		Predecessor Company
		Period of July 1 to Sept. 7, 2011						Three Months Ended Dec. 31, 2010
		Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
	Interest-earning assets:

	Loans⁽¹⁾⁽²⁾	$	1,404,673	$	16,863	6.35	%	$	1,676,376	$	26,558	6.29	%
	Investment securities⁽²⁾		253,733		1,618	3.37	%		180,047		1,690	3.72	%
	Other short-term investments		260,137		118	0.24	%		237,976		152	0.25	%
	Total interest-earning assets		1,918,543		18,599	5.13	%		2,094,399		28,400	5.38	%

	Non-interest earning assets		319,598						357,387
	Total assets	$	2,238,141					$	2,451,786

	Interest-bearing liabilities:
	Deposits:
	Interest checking, money market and savings	$	1,044,383	$	822	0.42	%	$	1,018,134	$	2,517	0.98	%
	Time deposits		615,145		2,050	1.76	%		778,060		3,786	1.93	%
	Total interest bearing-deposits		1,659,528		2,872	0.92	%		1,796,194		6,303	1.39	%

	Securities sold under repurchase and short-term borrowings		15,456		3	0.10	%		20,848		5	0.10	%
	Notes payable		157,826		1,201	4.03	%		169,910		1,703	3.98	%
	Subordinated debentures		88,662		346	2.06	%		88,662		488	2.18	%
	Total interest-bearing liabilities		1,921,472		4,422	1.22	%		2,075,614		8,499	1.62	%

	Non-interest bearing liabilities:
	Demand Deposits		173,999						167,201
	Other Liabilities		22,652						16,060
	Total non-interest bearing liabilities		196,651						183,261

	Total liabilities		2,118,123						2,258,875

	Shareholders' equity		120,018						192,911

	Total liabilities & shareholders' equity	$	2,238,141					$	2,451,786

	Net interest income				14,177						19,901

	Interest rate spread					3.91	%					3.76	%

	Net yield on interest-earning assets (net interest margin)					3.91	%					3.77	%

⁽¹⁾	Average loan balances exclude nonaccrual loans for the periods presented.
⁽²⁾	Fully Taxable Equivalent (“FTE”) at the rate of 35%. The FTE basis adjusts for the tax benefits of income on certain tax-exempt loans and investments using the federal statutory rate of 35% for each period presented. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.


	GREEN BANKSHARES, INC.
	Consolidated Average Balances, Interest Rates and Yields

		Predecessor Company
		Period of Jan. 1 to Sept. 7, 2011						Twelve Months Ended Dec. 31, 2010
		Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
	Interest-earning assets:

	Loans⁽¹⁾⁽²⁾	$	1,491,844	$	65,293	6.39	%	$	1,833,865	$	113,788	6.20	%
	Investment securities⁽²⁾		243,473		5,879	3.53	%		180,681		7,376	4.08	%
	Other short-term investments		278,355		468	0.25	%		170,952		435	0.25	%
	Total interest-earning assets		2,013,672		71,640	5.19	%		2,185,498		121,599	5.56	%

	Non-interest earning assets		331,633						325,948
	Total assets	$	2,345,305					$	2,511,446

	Interest-bearing liabilities:
	Deposits:
	Interest checking, money market and savings	$	1,066,783	$	4,062	0.56	%	$	980,878	$	9,924	1.01	%
	Time deposits		696,335		8,702	1.82	%		841,458		18,510	2.20	%
	Total interest bearing-deposits		1,763,118		12,764	1.06	%		1,822,336		28,434	1.56	%

	Securities sold under repurchase and short-term borrowings		16,466		11	0.10	%		22,338		22	0.10	%
	Notes payable		158,351		4,314	3.98	%		171,229		6,835	3.99	%
	Subordinated debentures		88,662		1,315	2.17	%		88,662		1,980	2.23	%
	Total interest-bearing liabilities		2,026,597		18,404	1.33	%		2,104,565		37,271	1.77	%

	Non-interest bearing liabilities:
	Demand Deposits		166,768						166,814
	Other Liabilities		19,575						17,854
	Total non-interest bearing liabilities		186,343						184,668

	Total liabilities		2,212,940						2,289,233

	Shareholders' equity		132,365						222,213

	Total liabilities & shareholders' equity	$	2,345,305					$	2,511,446

	Net interest income				53,236						84,328

	Interest rate spread					3.87	%					3.79	%

	Net yield on interest-earning assets (net interest margin)					3.86	%					3.86	%

⁽¹⁾	Average loan balances exclude nonaccrual loans for the periods presented.
⁽²⁾	Fully Taxable Equivalent (“FTE”) at the rate of 35%. The FTE basis adjusts for the tax benefits of income on certain tax-exempt loans and investments using the federal statutory rate of 35% for each period presented. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

CONTACT:
Green Bankshares, Inc.
Christopher G. Marshall, 704-554-5901
Chief Financial Officer
cmarshall@nafhinc.com

GREEN BANKSHARES, INC. 8-K