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
Roshan Amin, President & CEO of Dynamic Group and is also the Marketing Executive at Arch Plastics. He is also heavily involved in the Chattanooga real-estate market and serves on the McCallie Alumni Council. After graduating from the University of Georgia with a degree in Economics, Amin has had many accomplishments, with his most recent including the development of a full-service Holiday Inn Hotel & Suites. This business venture has brought positive feedback from the community, including job development. Amin’s entrepreneurship, business ethics and philanthropy are viable components for future business developments. In his spare time, he enjoys outdoor activities such as golf and running.