SmartBank, a subsidiary of SmartFinancial, Inc. ("SmartFinancial”
or the "Company"; NASDAQ: SMBK), announced the hiring of a
six-person wealth management team to be based out of Mobile,
Alabama.
Thomas Montz, together with
Amanda Montz and
Nathan Novotny
will lead the new team and support the continued growth of
SmartBank Investment Services (“SBIS”). The team, formerly with
BBVA Compass Investment Solutions, brings a combined total of over
60 years of advisory experience and have been responsible for over
$350 million in assets under management. The team will be based in
SmartBank’s new office located at 3074 Dauphin Street in Mobile,
Alabama. The office will also house members of SmartBank’s
corporate banking team, including Gulf Coast Regional President
Nate Sommer and Mobile Market President Steve Rockwell.
“SmartBank Investment Services has enjoyed
strong organic growth over the last few years. However, with the
addition of this team, we look forward to accelerating SBIS’s
growth and further diversifying the Company’s revenue streams,”
said Billy Carroll, SmartBank’s President & CEO. “We are
extremely excited to add these new team members to the SBIS family.
Not only is this team expected to meaningfully add to assets under
management, but also culturally aligns very well with the SBIS
client-centric approach,” commented Monty Hatcher, Director of
SmartBank Investment Services.
Mobile, with its strategic maritime location and
easy access to two major interstate systems, has seen robust
economic expansion in a variety of industries including aviation,
healthcare and logistics and distribution. This pro-business
environment has also led to a large influx of major foreign owned
investment in the areas of manufacturing, ship building and
aerospace.
“I am very pleased this top performing team
chose to join the SmartBank family,” commented Nate Sommer. “Being
former colleagues for over 12 years, I personally
know this team’s strength and dedication to their
clients. Coupled with all the positive momentum at
SmartBank in the South Alabama
region, I am confident this addition will be a huge
success.
About SmartFinancial, Inc.
SmartFinancial, Inc., based in Knoxville,
Tennessee, is the bank holding company for SmartBank. Founded
in 2007, SmartBank is a full-service commercial bank, with branches
across Tennessee, Alabama and the Florida Panhandle. Recruiting the
best people, delivering exceptional client service, strategic
branching and acquisitions, and a disciplined approach to lending
have contributed to SmartBank’s success. More information about
SmartFinancial can be found on its website:
www.smartfinancialinc.com.
Forward-Looking Statements
This news release may contain statements that
are based on management’s current estimates or expectations of
future events or future results, and that may be deemed to
constitute forward-looking statements as defined under the Private
Securities Litigation Reform Act of 1995. These statements
are not historical in nature and can generally be identified by
such words as “may,” “believe,” “expect,” “anticipate,” “intend,”
“will,” “should,” “plan,” “estimate,” “predict,” “continue” and
“potential” or the negative of these terms or other comparable
terminology. All forward-looking statements are subject to risks,
uncertainties, and other factors that may cause the actual results
of SmartFinancial to differ materially from future results
expressed or implied by such forward-looking statements. Such
risks, uncertainties, and other factors include, among others, (1)
risks associated with our growth strategy, including a failure to
implement our growth plans or an inability to manage our growth
effectively; (2) claims and litigation arising from our business
activities and from the companies we acquire, which may relate to
contractual issues, environmental laws, fiduciary responsibility,
and other matters; (3) the risk that cost savings and revenue
synergies from recently completed acquisitions may not be realized
or may take longer than anticipated to realize; (4) disruption from
recently completed acquisitions with customer, supplier, employee,
or other business relationships; (5) our ability to successfully
integrate the businesses acquired as part of previous acquisitions
with the business of SmartBank; (6) risks related to the our
recently-completed acquisition of Sevier County Bancshares, Inc.
(“SCB”); (7) the risk that the anticipated benefits from the
proposed acquisition of SCB may not be realized in the time frame
anticipated; (8) changes in management’s plans for the future; (9)
prevailing, or changes in, economic or political conditions,
particularly in our market areas; (10) credit risk associated with
our lending activities; (11) changes in interest rates, loan
demand, real estate values, or competition; (12) changes in
accounting principles, policies, or guidelines; (13) changes in
applicable laws, rules, or regulations, including changes to
statutes, regulations or regulatory policies or practices as a
result of, or in response to COVID-19; (14) adverse results from
current or future litigation, regulatory examinations or other
legal and/or regulatory actions, including as a result of the
Company’s 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 the provision for loan losses resulting from
the COVID-19 pandemic; and (17) other general competitive,
economic, political, and market factors, including those affecting
our business, operations, pricing, products, or services, including
risks associated with widespread inflation or deflation. 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, in each case
filed with or furnished to the Securities and Exchange Commission
(the “SEC”) and available on the SEC’s website (www.sec.gov). Undue
reliance should not be placed on forward-looking statements.
SmartFinancial disclaims any obligation to update or revise
any forward-looking statements contained in this release, which
speak only as of the date hereof, whether as a result of new
information, future events, or otherwise.
Investor
Contacts |
|
|
William Y. (“Billy”) Carroll,
Jr. |
|
Ron Gorczynski |
President & Chief
Executive Officer |
|
Executive Vice President &
Chief Financial Officer |
SmartFinancial, Inc. |
|
SmartFinancial, Inc. |
Email:
billy.carroll@smartbank.com |
|
Email:
ron.gorczynski@smartbank.com |
Phone: 865.868.0613 |
|
Phone: 865.437.5724 |
|
|
|
Media Contact |
|
|
Kelley Fowler |
|
|
Senior Vice President, Public
Relations/Marketing |
|
|
SmartFinancial, Inc. |
|
|
Email:
kelley.fowler@smartbank.com |
|
|
Phone: 865.868.0611 |
|
|
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