SmartBank sells SBK Insurance to Insuragent Purchaser; retains minority stake and strategic relationship

SMARTFINANCIAL INC.

SmartBank sold 100% of SBK Insurance equity to Insuragent Purchaser, LLC (Greater Sum Ventures portfolio company).
All SBK Insurance leadership and employees remain; all locations stay open.
SmartBank maintains strategic relationship with SBK Insurance and purchased a minority ownership interest in Insuragent Purchaser.
No financial terms disclosed for the transaction.

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