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
William A Pruett, also known as Bill, served as Senior Executive Vice President TSYS (Total System Services) from 2004 – 2017 and as President of North America from 2010 until his retirement on April 1, 2017. He served as Executive Vice President from 1993 to 2004 and as Senior Vice President from 1983 -2004. From 1976- 1983 he served in various capacities with Columbus Bank and Trust including Senior Vice President, Vice President and Assistant Vice President.