M&A Deal Summary

SmartFinancial Acquires Sevier County Bank

On April 14, 2021, SmartFinancial acquired financial services company Sevier County Bank

Acquisition Highlights
  • This is SmartFinancial’s 4th transaction in the Financial Services sector.
  • This is SmartFinancial’s 4th transaction in the United States.
  • This is SmartFinancial’s 4th transaction in Tennessee.

M&A Deal Summary
Date 2021-04-14
Target Sevier County Bank
Sector Financial Services
Buyer(s) SmartFinancial
Deal Type Add-on Acquisition
Advisor(s) Performance Trust Capital Partners LLC (Financial)
Baker, Donelson, Bearman, Caldwell & Berkowitz (Legal)

Target

Sevier County Bank

Sevierville, Tennessee, United States
Formed in 1909, Sevier County Bank is a provider of personal or business banking services and has over $400 million in total assets with six branches in Sevier County, Tennessee, and one branch in Richmond, Virginia.

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Buyer(S) 1

Buyer

SmartFinancial

Knoxville, Tennessee, United States
Category Company
Sector Financial Services
DESCRIPTION

SmartFinancial, Inc. is a full-service commercial bank with 22 branches and three loan production offices spanning East Tennessee, Tuscaloosa and Southwest Alabama, and the Florida Panhandle.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Tennessee) 4 of 5
Country (United States) 4 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 Progressive Financial Group

Cookeville, Tennessee, United States

Progressive Financial Group, Inc. is a full-service commercial bank with 29 branches spanning East Tennessee, Tuscaloosa and Southwest Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have contributed to the company’s success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Fountain Equipment Finance

Knoxville, Tennessee, United States

Fountain Equipment Finance provides a specialty lending platform that offers construction equipment financing to small and medium-sized businesses throughout the Southeast. Fountain Equipment Finance was founded in 2006 and is headquartered in Knoxville, Tennessee.

Buy -
Mergr

Product

Company

Legal