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.      

Jon Farmer

Posted by | February 13, 2018 | | No Comments

Jon Farmer graduated from Auburn University in 1981 with a B.S. in Marketing. He completed is MBA at the University of Alabama in 1986. Jon began his career holding various positions at AmSouth Bank from 1981-1987. He then transitioned to SouthTrust Bank as the Commercial Loan Officer in the Tuscaloosa bank where he was later promoted to EVP. In March 1996 he was promoted to President and CEO of the Tuscaloosa Bank then moved to Richmond, VA in January 2002 as CEO of a newly acquired bank. Jon moved back to Alabama in 2004 and began working as the President of the Tuscaloosa Regions Bank. Shortly after he was recruited by Cadence Bank to open a new bank in Birmingham. From 2005 to 2012 John held a variety of positions with Cadence Bank, the most recent being EVP and head of the bank’s Business Banking Unit.