KNOXVILLE, Tenn. and MARYVILLE, Tenn., June 27, 2018 (GLOBE NEWSWIRE) -- SmartFinancial, Inc., Knoxville, Tennessee (“SmartFinancial”) (Nasdaq:SMBK), parent company of SmartBank, and Foothills Bancorp, Inc., Maryville, Tennessee (“Foothills Bancorp”), parent company of Foothills Bank & Trust, jointly announced today their entry into an agreement and plan of merger pursuant to which SmartFinancial will acquire Foothills Bancorp and Foothills Bank & Trust. As of March 31, 2018, Foothills Bank & Trust had total assets of approximately $215 million. Upon completion of the transaction, SmartFinancial is expected to have total consolidated assets in excess of $2.2 billion.
SmartFinancial, Inc. to Acquire Foothills Bancorp, Inc.
Jun 27, 2018
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers