SmartBank announces acquisition of Tuscaloosa, Alabama-based Capstone Bank:
May 22nd, 2017 - SmartFinancial, Inc., parent company of SmartBank (“SmartFinancial”; NASDAQ: SMBK), and Capstone Bancshares, Inc., parent company of Capstone Bank (“Capstone”), jointly announced today the signing of a definitive merger agreement pursuant to which SmartFinancial will acquire Capstone.  Upon the completion of the transaction, the combined company is expected to have assets in excess of $1.5 billion. For the full release, click here.

SmartBank Announces Addition of Veteran Cleveland Bankers Matt Jenne & Beau Burris as it Expands into the Bradley County Market

Posted by | January 24, 2017 | News | No Comments
Beau Burris

Beau Burris
1st VP | Relationship Manager

Matt Jenne (1)

Matt Jenne
SVP | Cleveland Market Leader

Cleveland, TN – January 15, 2017 – SmartBank is pleased to announce the addition of Matt Jenne and Beau Burris to its Cleveland leadership team. Matt Jenne will serve as Senior Vice President, Cleveland Market Leader. Beau Burris will serve as First Vice President, Relationship Manager.

“We are thrilled to have Matt and Beau on board, and they have already hit the ground running,” said Billy Carroll, SmartBank President & CEO. “Their combined years of experience in the financial industry along with their wealth of knowledge and Bradley County roots give SmartBank tremendous upside potential in its newest market.”

Matt Jenne, Senior Vice President, Cleveland Market Leader, brings with him more than twenty-three years of banking experience. Prior to joining the SmartBank team, he served as Market Leader for United Community Bank. Matt currently serves as Chairman of the Board for The United Way of the Ocoee Region, and recently completed his term as President of the Cleveland Family YMCA. Matt resides in Cleveland with his wife and two sons, and is a member of First United Methodist Church.

“SmartBank’s dynamic banking model is a perfect fit for the Bradley County market,” said Matt Jenne, SmartBank Senior Vice President, Cleveland Market Leader. “We are a community bank, and we have the ability to offer a wide array of products and services both commercially and to consumers. I am eager to introduce the SmartBank brand and exceptional client service to the Cleveland community.”

Beau Burris, First Vice President, Relationship Manager, joins SmartBank with more than twenty-four years of banking experience. He most recently served as Vice President of Commercial Lending for United Community Bank. Beau is actively involved in the Cleveland community where he serves as board Treasurer for Junior Achievement of the Ocoee Region, board member and current President for the Cleveland/Bradley Business Incubator, and various roles within other local organizations. Beau resides in Cleveland with his wife and daughter, and is an active member of the Central Church of Christ.

On December 9, 2016, SmartFinancial, Inc. (“SmartFinancial”; NASDAQ: SMBK), parent company of SmartBank, and Atlantic Capital Bancshares, Inc. (“Atlantic Capital”; NASDAQ: ACBI), parent company of Atlantic Capital Bank, N.A., announced that SmartBank has signed a definitive agreement to acquire the Cleveland, Tennessee branch office and assets of FSG Bank, a division of Atlantic Capital Bank. SmartBank has agreed to assume approximately $33,000,000 in customer deposits and purchase approximately $32,000,000 in loans and other assets affiliated with the Cleveland branch.  The acquisition is planned to close by the end of first quarter.

About SmartBank:

SmartBank is a full-service commercial bank founded in 2007, with twelve branches and three loan production offices spanning East Tennessee and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching and a disciplined approach to lending have contributed to SmartBank’s success. More information about SmartBank can be found on its website: www.smartbank.com.