Welcome Progressive Savings Bank Clients!
Our footprint is expanding! We are thrilled to welcome the clients of Progressive Savings Bank to SmartBank. At SmartBank, delivering unparalleled value to those we serve drives every decision and action we take. We look forward to serving you!
KNOXVILLE, Tenn., March 2, 2020 – SmartFinancial, Inc., Knoxville, Tennessee (“SmartFinancial”) (Nasdaq: SMBK), parent company of SmartBank, announced the completion of its previously-announced acquisition of Progressive Financial Group, Inc. (“Progressive”), and Progressive’s wholly owned bank subsidiary, Progressive Savings Bank. Effective March 1, 2020, Progressive has been merged with and into SmartFinancial, and Progressive Savings Bank has been merged with and into SmartBank. Based on financial data as of December 31, 2019, the combined company has total consolidated assets of approximately $2.7 billion. For the full release click here.
In the coming weeks, you’ll be hearing more from us regarding the timeline, specifics of the acquisition & integration process and other important details related to the transition. You may visit this page frequently for updates, or call our Client Services Team toll-free at 866.290.2554