---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-012158"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2021-09-01T23:59:59+00:00"
generated_at: "2026-06-29T06:19:52.961995+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-21-012158
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2021-09-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038773/000155837021012158/0001558370-21-012158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837021012158/smbk-20210901x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-012158
- JSON: https://secwatch.observer/filing/0001558370-21-012158.json
- Plain text: https://secwatch.observer/filing/0001558370-21-012158.txt

## Key facts
- Executive change
  John Presley was appointed as director at SMARTFINANCIAL INC..
  - Action: appointed
  - Role: director
  source text: the Board of Directors appointed John Presley as a director of SmartFinancial, effective as of the closing of the Merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837021012158/0001558370-21-012158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.