SmartFinancial, Inc. is a publicly traded bank holding company based in Knoxville, Tennessee, with assets exceeding $3.3 billion. As the parent company of SmartBank, they recently announced their agreement to acquire Sevier County Bancshares, Inc., the parent company of Sevier County Bank. This acquisition will solidify SmartFinancial's position as the leading bank in Sevier County, Tennessee, and make them the fourth-largest community bank headquartered in Tennessee, with total consolidated assets surpassing $3.7 billion.
With a focus on community banking, SmartFinancial values partnerships with banks that share their commitment to serving local communities. The merger with Sevier County Bank aligns with their philosophy, as both institutions prioritize delivering exceptional customer experiences and supporting their respective communities. This strategic move will not only expand SmartFinancial's regional branch network but also provide them with a strong commercial banking team in the growing Richmond, Virginia market.
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