SmartFinancial announces merger

KNOXVILLE, Tenn – SmartFinancial and Tennessee Bancshares announced today the signing of a definitive merger agreement pursuant to which SmartFinancial will acquire Tennessee Bancshares followed by Southern Community merging into SmartBank. Upon completion of...

Smartbank announces merger approval

SmartFinancial, Inc. and Capstone Bancshares, Inc. have jointly announced that their respective shareholders have approved the definitive merger agreement in September 2017. Pending the receipt of all required regulatory approvals and the satisfaction of the other...

Banking industry shows strong 2nd Q

WASHINGTON – Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $48.3 billion in the second quarter of 2017, up $4.7 billion (10.7 percent) from a year earlier. The increase in...

SmartBank posts 2nd Q earnings

SmartFinancial, Inc. has announced net income of $1.6 million in its second quarter of 2017, compared to $1.2 million a year ago. SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank. Net income available to common...