SmartBank Expands to Tallahassee – Announces Expansion in Floor Plan Loans


KNOXVILLE, Tennessee, Sep 30, 2021 (GLOBE NEWSWIRE) – SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), announces the hiring of two commercial relations officers, Eric Davis and Ryan Pool in his Tallahassee, Florida office. Following the recent announcement of its expansion throughout Alabama and its Gulf Coast region, the company is pleased to continue to grow with two longtime experienced bankers to further solidify its efforts in Tallahassee, Florida.

Eric Davis, formerly at Wells Fargo, will join SmartBank as Senior Vice President Commercial Relationship Manager. Davis brings over 15 years of commercial lending experience and will be joined by Ryan poole. Poole, formerly of Prime Meridian Bank and Capital City Bank, brings over 13 years of commercial banking experience.

“We are delighted to enhance our Tallahassee office with two seasoned commercial banking professionals,” said Billy Carroll, President and CEO of SmartBank. “This, along with our existing leadership in the Tallahassee market, provides us with the muscle we need to build a solid foundation and further push our Panhandle expansion. “

In addition, the Company announced the hiring of David smith, former Vice President of Dealer Business Services at BBVA, to create a new line of floor plan lending business. Smith will be based in Birmingham, Alabama, and supported by a three-person team with over 60 years of combined experience in dealer floor plan operations / loans.

“Dealer floor plan loans provide an exceptional growth opportunity for our business and, based on David’s experience, we are confident that it will be a great addition to our line of commercial banking products,” said Carroll. . “We are very pleased to welcome David and his team with their decades of experience in our business and look forward to leveraging their connections and talent across our region. “

About SmartFinancial, Inc.

SmartFinancial, Inc., based in Knoxville, Tennessee, is the banking holding company of SmartBank. Founded in 2007, SmartBank is a full-service commercial bank, with branches in Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, delivering exceptional customer service, strategic branching and acquisitions, and a disciplined approach to lending have all contributed to SmartBank’s success. You can find more information about SmartFinancial on its website: www.smartfinancialinc.com.

Forward-looking statements

This press release may contain statements which are based on management’s current estimates or expectations regarding future events or future results, and which may be considered as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical. in nature and can usually be identified by words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “should”, “should”, “plan” “,” Estimate “,” predict, “” continue “and” potential “or the negative of these terms or any comparable terminology. All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, among others, (1) risks associated with our growth strategy, including a failure to implement our growth plans or an inability to effectively manage our growth; (2) claims and disputes arising out of our business operations and the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary liability and other matters; (3) the risk that cost savings and revenue synergies from recently completed acquisitions may not materialize or take longer than expected to materialize; (4) interruption due to recent acquisitions with a customer, supplier, employee or other business relationship; (5) our ability to successfully integrate businesses acquired through previous acquisitions with the business of SmartBank; (6) risks relating to our recent acquisition of Sevier County Bancshares, Inc. (“SCB”); (7) the risk that the expected benefits of the proposed acquisition of SCB will not materialize on schedule; (8) changes in management’s plans for the future; (9) existing or changing economic or political conditions, particularly in our market areas; (10) the credit risk associated with our lending activities; (11) changes in interest rates, loan demand, real estate values ​​or competition; (12) changes in accounting principles, policies or guidelines; (13) changes in applicable laws, rules or regulations, including changes in laws, regulations or regulatory policies or practices as a result of or in response to COVID-19; (14) adverse results from current or future litigation, regulatory reviews or other legal and / or regulatory actions, including due to the Company’s involvement and the execution of government programs related to the pandemic of COVID-19; (15) the impact of the COVID-19 pandemic on the assets, businesses, cash flows, financial condition, liquidity, prospects and results of operations of the Company; (16) potential increases in the allowance for loan losses resulting from the COVID-19 pandemic; and (17) other general competitive, economic, political and market factors, including those that affect our business, operations, prices, products or services. These and other factors that could cause results to differ materially from those described in forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, Quarterly Reports on Form 10- Q and current reports on Form 8-K, in each case filed or provided to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). You should not place undue reliance on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this press release, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.

Investor contacts

William Y. (“Billy”) Carroll, Jr.
President and CEO
SmartFinancial, Inc.
Email: [email protected]
Telephone: 865.868.0613

Ron Gorczynski
Executive Vice President and Chief Financial Officer
SmartFinancial, Inc.
Email: [email protected]
Telephone: 865.437.5724

Media contact

Kelley fowler
Senior Vice-President, Public Relations / Marketing
SmartFinancial, Inc.
Email: [email protected]
Telephone: 865.868.0611

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