SmartFinancial and SmartBank Announces Board Appointments
November 07, 2017 at 02:31 pm EST
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The boards of directors of SmartFinancial and SmartBank have each acted to increase the size of their boards to 13 members and appoint Steven B. Tucker and J. Beau Wicks, former members of the boards of directors of Bancshares and Capstone, to serve on the boards of directors of SmartFinancial and SmartBank, respectively, effective as of the Effective Time. Steven B. Tucker has served many years as Treasurer and later President of the Children's Hands On Museum as well as serving on the board of the Alabama Trucking Association Worker's Compensation Fund. Mr. Tucker joined the boards of directors of Bancshares and Capstone in 2008, having served on the loan, audit and compensation committees of the Capstone board of directors, and having served as Chairman of the boards of directors of Bancshares and Capstone prior to the Merger. J. Beau Wicks is a member of the Alabama Trucking Association, and has served on the board of directors of the ATA Workers Compensation Self Insurance Fund for twelve years, including two years as chairman. Mr. Wicks joined the boards of directors of Bancshares and Capstone in 2008, having served on the loan, budget and audit committees of the Capstone board of directors, including five years as Audit Chair.
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.