---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-014194"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T14:56:33.992188+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial's Rains Agency acquires Sunbelt Group for $6.5M

## Summary
- Purchase price $6.5M; $5.2M cash at close, $1.3M deferred in equal installments in 2023 and 2024.
- Sunbelt is a Chattanooga-based independent insurance agency specializing in P&C, L&H, and transportation insurance.
- First independent insurance agency acquisition by Rains; Mark Slater joins as part of the transaction.
- Transaction effective September 1, 2022, expanding Rains' service area in Tennessee.
- Deferred payments subject to acceleration on change of control and set-off for indemnification.

## SEC filing metadata
- accession: 0001558370-22-014194
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038773/000155837022014194/0001558370-22-014194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837022014194/smbk-20220901x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-014194
- JSON: https://secwatch.observer/filing/0001558370-22-014194.json
- Plain text: https://secwatch.observer/filing/0001558370-22-014194.txt

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