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PIGEON FORGE, Tenn. (July 25, 2007) – SmartBank announced today that just six months after opening, they have reached the $100 million in assets mark, which is faster than any other new bank in Tennessee.

Operating in one of East Tennessee’s most competitive markets, SmartBank was created to set new standards in banking by providing the Sevier County market with innovative business practices and a unique banking environment. SmartBank offers the services of a larger bank, with the convenience and reliance of a local bank.

“We are extremely pleased with our first six months in operation,” said Billy Carroll, SmartBank President and Chief Executive Officer. “The expectations and goals that we set for ourselves early on were high, and we are certainly exceeding them. This achievement motivates us to set the bar even higher and to work as hard as we can to build exceptional value for our clients, shareholders and associates.”

“We feel our shareholders have been instrumental in the success we’ve achieved, and we will continue to rely on the business relationships they can help us establish. Our associates have developed a culture that focuses on our client’s needs, and this shows that our community likes what they see,” added Carroll.

Since its inception, SmartBank has differentiated itself. Each of its branches feature a warm and unique design using regional hardwoods and stone to create a comfortable and casual banking environment. Customer-friendly features of the bank include a SmartKids playroom, coffee bar, healthy refreshments, free Internet access at each branch, cross-trained associates, and competitive, quality products and services.

SmartBank has two convenient locations in Pigeon Forge and Sevierville, Tennessee. Each location offers extended hours from 8 a.m. to 6 p.m., Monday through Friday, with the drive-thru opening at 7:30a.m., as well as Saturday morning from 8 a.m. to noon at each branch.

About SmartBank

Formed in the spring of 2006, SmartBank is the creation of long-time Sevier County bankers Bill Carroll and Billy Carroll, and a devoted team of business leaders with a strong commitment to the Sevier County community. These business leaders include: Victor Barrett of The Track Recreation Centers, Ted Miller of Dolly Parton Productions, David Ogle of Five Oaks Development, Dr. Keith Whaley, of Whaley Family Eye Care and also Mayor of Pigeon Forge, and Geoffrey Wolpert of The Park Grill and The Peddler. The organization, with over 30 full-time employees, specializes in commercial and consumer lending and has branch locations in Pigeon Forge and Sevierville.

For more information on SmartBank, visit www.smartbank.net or call (865) 453-2650.