News & Events

Butler Snow Represents SmartFinancial, Inc. in Acquisition of Southern Community Bank

Butler Snow recently represented SmartFinancial, Inc. (Nasdaq: SMBK) and its bank subsidiary, SmartBank, in connection with SmartFinancial, Inc.’s merger with Tennessee Bancshares, Inc. and SmartBank’s merger with Southern Community Bank, the bank subsidiary of Tennessee Bancshares, Inc. SmartFinancial, Inc., headquartered in Knoxville, Tennessee, is the bank holding company for SmartBank, a full-service commercial bank headquartered in Pigeon Forge, Tennessee. With this transaction, SmartBank expand into three new markets: Murfreesboro and Tullahoma, Tennessee and Huntsville, Alabama. Following this transaction, SmartFinancial, Inc. has total consolidated assets of approximately $2 billion, based on financial data as of March 31, 2018.