KNOXVILLE, Tennessee, Sept. 30, 2021 (GLOBE NEWSWIRE) – SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), announces the hiring of two commercial relationship managers, Eric., known Davis and Ryan Pool in his office in Tallahassee, Florida. Following the recent announcement of its expansion into Alabama and the Gulf Coast region, the company is excited to continue its growth with two long-time, seasoned bankers to support its efforts in Tallahassee, Florida.
Eric Davis, formerly with Wells Fargo, will join SmartBank as Senior Vice President Commercial Relationship Manager. Davis brings over 15 years of commercial lending experience and is supported by Ryan Poole. Poole, formerly at Prime Meridian Bank and Capital City Bank, brings over 13 years of experience in commercial banking with him.
“We are excited to add two seasoned commercial banking professionals to our Tallahassee office,” said Billy Carroll, President & CEO of SmartBank. “This, coupled with our existing leadership position in the Tallahassee market, gives us the strength we need to build a solid foothold and drive our panhandle expansion further.”
In addition, the company announced the hiring of David Smith, former BBVA Vice President Dealer Commercial Services to create a new business unit for floor plan loans. Smith will be based in Birmingham, Alabama and will be supported by a team of three with over 60 years of combined merchant lending experience.
“Merchant lending is an excellent opportunity for our company to grow and, with David’s experience, we believe it will be a great addition to our commercial banking product mix,” said Carroll. “We are very excited to welcome David and his team with their decades of experience to our company and look forward to deploying their relationships and talent across our region.”
About SmartFinancial, Inc.
The story goes on
SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank. Founded in 2007, SmartBank is a full-service commercial bank with offices in Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, exceptional customer service, strategic offices and acquisitions, and a disciplined approach to lending have all contributed to SmartBank’s success. For more information on SmartFinancial, please visit its website: www.smartfinancialinc.com.
Forward-Looking Statements
This press release may contain statements based on management’s current beliefs or expectations about future events or future results that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical in nature and can generally be replaced by words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “will”, “should”, “plan”, “estimate” , “Predict”, ”“ further ”and“ potentially ”or the negative of these terms or other comparable terminology. All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results of SmartFinancial to differ materially from future results expressed or implied in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, (1) risks associated with our growth strategy, including failure to execute our growth plans or the inability to effectively manage our growth; (2) Claims and legal disputes arising from our business operations and from the companies we have acquired that may relate to contractual issues, environmental laws, fiduciary responsibility and other matters; (3) the risk that cost savings and revenue synergies from recent acquisitions may not be realized or may take longer than expected; (4) Interruption due to recently completed acquisitions with customers, suppliers, employees or other business relationships; (5) our ability to successfully integrate the businesses acquired through previous acquisitions with SmartBank’s business; (6) risks related to our recent acquisition of Sevier County Bancshares, Inc. (“SCB”); (7) the risk that the expected benefits from the proposed acquisition of SCB will not be realized in the expected timeframe; (8) changes in management’s plans for the future; (9) prevailing or changing economic or political conditions, especially in our market areas; (10) credit risk associated with our lending business; (11) changes in interest rates, credit demand, property value, or competition; (12) changes in accounting policies, guidelines, or guidelines; (13) changes in any applicable law, rule, or regulation, including changes in any law, regulation, or government policy or practice, as a result of or in response to COVID-19; (14) adverse results from any current or future litigation, regulatory review, or other legal and / or regulatory action, including as a result of Company participation in and execution of government programs related to the COVID-19 pandemic; (15) the impact of the COVID-19 pandemic on the company’s assets, business, cash flows, financial condition, liquidity, prospects and results of operations; (16) potential increases in loan loss provisions as a result of the COVID-19 pandemic; and (17) other general competitive, economic, political and market factors, including those that affect our business, operations, prices, products or services. These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in SmartFinancial’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8 – K, each filed with or transmitted to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). You should not place undue reliance on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements in this press release that speak only as of the date of this release, whether as a result of new information, future events, or otherwise.
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Investor contacts |
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William Y. (“Billy”) Carroll Jr. |
Ron Gorczynski |
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Media contact |
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Kelley Fowler |
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from Daily Florida Press https://dailyfloridapress.com/smartbank-expands-in-tallahassee-announces-expansion-of-floor-plan-loans/
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