SMARTFINANCIAL, INC. COMPLETES ACQUISITION OF FOOTHILLS BANCORP, INC.
On November 1st, SmartFinancial, Inc., Knoxville, Tennessee (“SmartFinancial”) (Nasdaq: SMBK), parent company of SmartBank, announced the completion of its previously-announced acquisition of Foothills Bancorp, Inc., Maryville, Tennessee (“Foothills Bancorp”), and Foothills Bancorp’s wholly owned bank subsidiary, Foothills Bank & Trust. Effective November 1, 2018, Foothills Bancorp has been merged with and into SmartFinancial, and Foothills Bank & Trust has been merged with and into SmartBank. Based on financial data as of September 30, 2018, the combined company has total consolidated assets of approximately $2.3 billion. This marks SmartFinancial’s third acquisition in the last 12 months. For the full release, click here
Matt Wood, owner of MPL Construction Company, is a lifetime resident of Chattanooga. Upon graduating from the University of Tennessee in Knoxville, class of 1992, he moved back to Chattanooga and started on his business ventures. With over 10 years of experience, Wood has created MPL Construction on the foundation of good business ethics with notable projects. His most recent project includes a partnership with Wolftever Development on the Bass Pro Shop in East Ridge, Tenn. Outside of his office, Wood is a board member for the Chattanooga Associate of General Contractors.