SmartFinancial to acquire Sevier County Bancshares for $38m.

SmartFinancial, a bank holding company, agreed to acquire Sevier County Bancshares, a publicly-traded bank holding company, for $38m. The deal is expected to close in the third quarter. “Our familiarity with their leadership team and common market area are what attracted us to this opportunity. This merger is reflective of our philosophy of partnering with banks that hold core values similar to our own and have a commitment to serving their local communities," Billy Carroll, SmartFinancial President and CEO.