Tranche Update on SmartFinancial, Inc.'s Equity Buyback Plan announced on November 20, 2018.
January 19, 2021 at 10:11 pm
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From October 1, 2020 to December 31, 2020, the company has repurchased 133,711 shares, representing 0.88% for $2.23 million. With this, the company has completed the repurchase of 265,266 shares, representing 1.81% for $4.31 million under the buyback announced on November 20, 2018.
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.
SMARTFINANCIAL, INC. 
