SmartFinancial, Inc. Appoints John Presley as Director
September 01, 2021 at 08:16 am
Share
On August 26, 2021, the Board of Directors of SmartFinancial, acting pursuant to the authority granted to it by SmartFinancial's Bylaws, increased the size of the Board of Directors from thirteen to fourteen directors, effective as of the closing of the Merger. Also, on August 26, 2021, the Board of Directors appointed John Presley as a director of SmartFinancial, effective as of the closing of the Merger. John Presley, age 61, is the former Executive Chairman of SCB and Sevier County Bank. He served on the boards of directors of SCB and Sevier County Bank from May of 2019 until the Merger, and served as the Executive Chairman of SCB and Sevier County Bank from May 2019 until the Merger, at which time his employment terminated.
SmartFinancial, Inc. is the bank holding company for SmartBank (the Bank). The Bank is a full-service commercial bank with branches across Tennessee, Alabama, and Florida. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, leases, consumer loans and residential and commercial construction loans. It also originates one to four family residential mortgage loans and generally enters into a commitment to sell these loans in the secondary market. SBK Insurance, Inc., a subsidiary of the Bank, provides insurance products in the property and casualty area, commercial, transportation, and life and health to their respective clients. The Bank provides a suite of commercial and consumer banking services to clients through about 42 full-service bank branches.
SMARTFINANCIAL, INC. 
