SmartBank Expands Presence in Nashville, Tennessee
KNOXVILLE, Tennessee, Nov. 29, 2021 (GLOBE NEWSWIRE) – SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), has announced the hiring of three experienced banking professionals, responsible sales representatives relationships, Rachel Meurrier and Tony Graves and regional director of mortgage production, Kent Stone. The three people are based in the Nashville, TN area and will focus on building a greater market presence for SmartBank. Following recent expansions in Alabama, the Gulf Coast and the Florida Panhandle, the company is pleased to continue to expand into the Nashville market area and broader central Tennessee with these seasoned individuals.
Rachael Meurrier, formerly at Triumph Bank, will join SmartBank as Senior Vice President and Williamson County Market Executive. Meurrier brings over 15 years of private banking and commercial lending experience and will be joined by Senior Vice President Tony Graves. Graves, formerly of Reliant Bank and First Advantage Bank, has over 30 years of commercial banking experience. On the consumer banking side, Kent Stone, previously at Triumph Bank, joins as regional director of mortgage production and brings over 15 years of experience in mortgage banking.
The Nashville area is home to approximately two million people and more than 53,000 businesses, including the headquarters of some of the nation’s largest corporations. The region offers a diverse economy with a low cost of living and doing business. The conducive business environment, top institutions of higher education, and a thriving music and arts scene make Nashville a highly sought-after relocation destination for people across the United States.
“The Nashville market area offers tremendous growth opportunities, and we are very excited to expand our market power with these three experienced banking professionals,” said Billy Carroll, President and CEO of SmartFinancial. “We have long viewed the Nashville market as a natural expansion area for us and these additions are great steps in achieving that goal and creating greater density in this market. “
SmartBank Middle Tennessee Regional President David Scott commented, “Although we have been active in the Nashville MSA through the support of our team in Murfreesboro, TN, these professionals provide the necessary field assistance to further increase our market penetration. . As we continue to expand in Nashville, this team provides an excellent base. “
About SmartFinancial, Inc.
SmartFinancial, Inc., based in Knoxville, Tennessee, is the banking holding company of SmartBank. Founded in 2007, SmartBank is a full-service commercial bank, with branches across Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, delivering exceptional customer service, strategic branching and acquisitions, and a disciplined approach to lending have all contributed to SmartBank’s success. You can find more information about SmartFinancial on its website: www.smartfinancialinc.com.
This press release may contain statements which are based on management’s current estimates or expectations regarding future events or future results, and which may be considered as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical. in nature and can usually be identified by words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “should”, “should”, “plan” “,” Estimate “,” predict, “continue” and “potential” or the negative of these terms or any other comparable terminology. All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, among others, (1) risks associated with our growth strategy, including a failure to implement our growth plans or an inability to effectively manage our growth; (2) claims and disputes arising out of our business operations and the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary liability and other matters; (3) the risk that cost savings and revenue synergies from recently completed acquisitions may not materialize or take longer than expected to materialize; (4) interruption due to recent acquisitions with a customer, supplier, employee or other business relationship; (5) our ability to successfully integrate businesses acquired through previous acquisitions with the business of SmartBank; (6) risks relating to our recent acquisition of Sevier County Bancshares, Inc. (“SCB”); (7) the risk that the expected benefits of the acquisition of SCB will not materialize on schedule; (8) changes in management’s plans for the future; (9) existing or changing economic or political conditions, particularly in our market areas; (10) the credit risk associated with our lending activities; (11) changes in interest rates, loan demand, real estate values or competition; (12) changes in accounting principles, policies or guidelines; (13) changes in applicable laws, rules or regulations, including changes in laws, regulations or regulatory policies or practices as a result of or in response to COVID-19; (14) adverse results from current or future litigation, regulatory reviews or other legal and / or regulatory actions, including due to the Company’s involvement and the execution of government programs related to the pandemic of COVID-19; (15) the impact of the COVID-19 pandemic on the assets, businesses, cash flows, financial condition, liquidity, prospects and results of operations of the Company; (16) potential increases in the allowance for loan losses resulting from the COVID-19 pandemic; and (17) other general competitive, economic, political and market factors, including those that affect our business, operations, prices, products or services, including risks associated with generalized inflation or deflation. . These and other factors that could cause results to differ materially from those described in forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, Quarterly Reports on Form 10- Q and current reports on Form 8-K, in each case filed or provided to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). You should not place undue reliance on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this press release, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.
William Y. (“Billy”) Carroll, Jr.
President and CEO
Executive Vice President and Chief Financial Officer
Email: [email protected]
Email: [email protected]
Senior Vice-President, Public Relations / Marketing
Email: [email protected]