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
David H. Henry is the President of Empire Distributors of Tennessee, a wholesale beverage distributor spanning across three Southeast states. Working in the beverage industry for several years, Henry brings a wealth of knowledge to his current role at Empire Distributors. He is a graduate of East Tennessee State University, as well as a former member of the Sigma Chi Fraternity. Henry is active in his local community, including Friends of the Smokies, the Boys and Girls Club and First Tee.