SmartFinancial completes acquisition of Sevier County Bancshares for ~$44M

SMARTFINANCIAL INC.

Deal value approx $44M; up to 1.8M SMBK shares issued and up to $4.5M cash paid.
Combined company assets ~$4.1B as of June 30, 2021, adding scale in Pigeon Forge market.
Board expanded to 14; John Presley appointed director, receives $1.05M severance from SCB.
Amy Presley receives $251K severance; both subject to execution and non-revocation of release.
Sevier County Bank merged into SmartBank; Alston & Bird, Performance Trust, Baker Donelson advised.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John Presley

director

SMBK · SMARTFINANCIAL INC.

Effective: 2021-08-26
Filed: September 1, 2021, 7:59 PM ET

the Board of Directors appointed John Presley as a director of SmartFinancial, effective as of the closing of the Merger.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

John Presley was appointed as director at SMARTFINANCIAL INC..

Action: appointed
Role: director

Exact text from the filing

the Board of Directors appointed John Presley as a director of SmartFinancial, effective as of the closing of the Merger.

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SMARTFINANCIAL INC. filing history →

Source: SEC EDGAR

accession 0001558370-21-012158

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