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
Rhett is a highly-skilled professional with a wide array of knowledge and experience. Prior to joining the SmartBank team, Rhett served as the Senior Vice President & East TN Credit Officer for Regions Bank in Knoxville. He also served as the Chief Credit Officer for BankEast in Knoxville. Rhett attended Samford University where he received his Bachelor of Science degree in Business Administration with a Management concentration. Later, he received his MBA from Spring Hill College in Mobile, Alabama. Rhett is currently a member of the Risk Management Association. He is a past member of the Association of Financial Professionals, United Way of East Tennessee Funds Allocation Committee and the American Cancer Society Leadership Council.