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SmartFinancial, Inc. Completes Acquisition of Progressive Financial Group, Inc KNOXVILLE, Tenn., – SmartFinancial, Inc., Knoxville, Tennessee (“SmartFinancial”) (Nasdaq: SMBK), parent company of SmartBank, today announced the completion of its previously-announced acquisition of Progressive Financial Group, Inc. (“Progressive”), and Progressive’s wholly owned bank subsidiary, Progressive Savings Bank. Based on financial data as of , the combined company has total consolidated assets of approximately $2.7 billion. Effective , Progressive has been merged with and into SmartFinancial, and Progressive Savings Bank has been merged with and into SmartBank “We are very pleased to complete the merger with Progressive. The opportunity allows us to expand our franchise in Tennessee and introdu...
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