GREEN STREET FINANCIAL CORP
15-12G, 1999-12-02
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                     UNITED STATES
          SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C.  20549
                        FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER
SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR
SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTION 13 AND 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934.

                                Commission File Number  0-27620
                                                        -------

              Green Street Financial Corp
________________________________________________________________
  (Exact name of registrant as specified in charter)

241 Green Street, Fayetteville, North Carolina  28301
________________________________________________________________
(Address, including zip code, and telephone number, including
     area code, of registrant's principal executive offices)

               Common Stock, no par value
________________________________________________________________
(Title of each class of securities covered by this Form)


                            None
________________________________________________________________
(Title of all other classes of securities for which a duty
   to file reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate, the
appropriate rule provision(s) relied upon to terminate or
suspend the duty to file reports:

Rule 12g-4(a)(1)(i)   [x]        Rule 12h-3(b)(1)(i)     [ ]
Rule 12g-4(a)(1)(ii)  [ ]        Rule 12h-3(b)(1)(ii)    [ ]
Rule 12g-4(a)(2)(i)   [ ]        Rule 12h-3(b)(2)(i)     [ ]
Rule 12g-4(a)(2)(ii)  [ ]        Rule 12h-3(b)(2)(ii)    [ ]
                                 Rule 15d-6              [ ]

Approximate number of holders of record as of the certification
or notice date:     -0-
                 ---------

   Pursuant to the requirements of the Securities Exchange Act
of 1934 (Name of registrant as specified in charter) has caused
this certification/notice to be signed on behalf by the
undersigned duly authorized person.

Date: November 30, 1999        By:/s/ Thomas A. Vann
                                  --------------------------
                                 Thomas A. Vann, President

Instruction:  This form is required by Rules 12g-4, 12h-3 and
15d-6 of the General Rules and Regulations under the Securities
Exchange Act of 1934.  The registrant shall file with the
Commission three copies of Form 15, one of which shall be
manually signed.  It may be signed by an officer of the
registrant, by counsel or by any other duly authorized person.
The name and title of the person signing the form shall be typed
or printed under the signature.


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