SmartBank Announces Gulf Coastline Prosperity Management Enlargement

KNOXVILLE, Tenn., Nov. 16, 2021 (Globe NEWSWIRE) — SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Business” NASDAQ: SMBK), announced the choosing of a 6-individual wealth administration crew to be based mostly out of Cell, Alabama. Thomas Montz, collectively with Amanda Montz and Nathan Novotny will lead the new staff and guidance the ongoing expansion of SmartBank Financial commitment Companies (“SBIS”). The team, formerly with BBVA Compass Investment Methods, delivers a merged whole of more than 60 years of advisory expertise and have been responsible for about $350 million in property underneath administration. The staff will be based in SmartBank’s new business office situated at 3074 Dauphin Avenue in Cellular, Alabama. The business office will also property members of SmartBank’s corporate banking team, like Gulf Coastline Regional President Nate Sommer and Mobile Current market President Steve Rockwell.

“SmartBank Investment Companies has liked potent natural and organic development over the past couple many years. However, with the addition of this team, we look forward to accelerating SBIS’s expansion and even more diversifying the Company’s profits streams,” stated Billy Carroll, SmartBank’s President & CEO. “We are extremely excited to insert these new group members to the SBIS relatives. Not only is this team anticipated to meaningfully add to property beneath management, but also culturally aligns pretty effectively with the SBIS customer-centric method,” commented Monty Hatcher, Director of SmartBank Financial commitment Services.

Cell, with its strategic maritime area and straightforward access to two important interstate units, has observed robust economic enlargement in a wide variety of industries like aviation, health care and logistics and distribution. This professional-enterprise ecosystem has also led to a significant inflow of important international owned investment in the spots of producing, ship constructing and aerospace.

“I am pretty happy this top executing group chose to be a part of the SmartBank spouse and children,” commented Nate Sommer. “Being previous colleagues for around 12 a long time, I individually know this team’s strength and devotion to their shoppers. Coupled with all the favourable momentum at SmartBank in the South Alabama area, I am confident this addition will be a big results.

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About SmartFinancial, Inc.

SmartFinancial, Inc., based mostly in Knoxville, Tennessee, is the financial institution holding corporation for SmartBank. Founded in 2007, SmartBank is a full-support professional financial institution, with branches throughout Tennessee, Alabama and the Florida Panhandle. Recruiting the very best individuals, delivering extraordinary consumer assistance, strategic branching and acquisitions, and a disciplined strategy to lending have contributed to SmartBank’s results. Much more data about SmartFinancial can be identified on its site: www.smartfinancialinc.com.

Ahead-Seeking Statements

This news release may possibly include statements that are primarily based on management’s recent estimates or expectations of long term functions or future outcomes, and that might be deemed to represent ahead-looking statements as defined underneath the Private Securities Litigation Reform Act of 1995. These statements are not historical in character and can usually be identified by these kinds of words as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other equivalent terminology. All ahead-looking statements are subject to challenges, uncertainties, and other components that could induce the precise outcomes of SmartFinancial to differ materially from potential final results expressed or implied by these ahead-searching statements. This kind of dangers, uncertainties, and other things contain, amongst other folks, (1) challenges affiliated with our progress technique, which include a failure to put into practice our expansion strategies or an incapability to deal with our expansion efficiently (2) statements and litigation arising from our small business pursuits and from the corporations we acquire, which may relate to contractual problems, environmental laws, fiduciary responsibility, and other issues (3) the risk that charge cost savings and income synergies from lately completed acquisitions may well not be understood or may perhaps acquire lengthier than predicted to recognize (4) disruption from not too long ago concluded acquisitions with purchaser, provider, worker, or other enterprise associations (5) our means to successfully combine the companies obtained as element of previous acquisitions with the business of SmartBank (6) challenges connected to the our a short while ago-done acquisition of Sevier County Bancshares, Inc. (“SCB”) (7) the risk that the expected added benefits from the proposed acquisition of SCB might not be recognized in the time frame expected (8) alterations in management’s plans for the foreseeable future (9) prevailing, or variations in, financial or political ailments, specially in our market place places (10) credit rating threat associated with our lending activities (11) modifications in fascination fees, mortgage demand, true estate values, or levels of competition (12) changes in accounting principles, guidelines, or pointers (13) alterations in relevant legal guidelines, procedures, or rules, like improvements to statutes, restrictions or regulatory procedures or tactics as a result of, or in reaction to COVID-19 (14) adverse benefits from latest or long run litigation, regulatory examinations or other lawful and/or regulatory actions, which includes as a consequence of the Company’s participation in and execution of govt courses relevant to the COVID-19 pandemic (15) the effect of the COVID-19 pandemic on the Company’s property, organization, income flows, monetary situation, liquidity, prospective buyers and effects of functions (16) probable boosts in the provision for loan losses ensuing from the COVID-19 pandemic and (17) other standard aggressive, economic, political, and industry factors, which include all those impacting our business, operations, pricing, goods, or solutions, which includes pitfalls affiliated with popular inflation or deflation. These and other elements that could bring about effects to vary materially from these explained in the forward-wanting statements can be uncovered in SmartFinancial’s most current annual report on Form 10-K, quarterly stories on Type 10-Q, and present reports on Form 8-K, in each scenario submitted with or furnished to the Securities and Exchange Commission (the “SEC”) and obtainable on the SEC’s web site (www.sec.gov). Undue reliance must not be put on ahead-searching statements. SmartFinancial disclaims any obligation to update or revise any ahead-searching statements contained in this launch, which talk only as of the date hereof, regardless of whether as a result of new details, potential situations, or if not.