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SmartFinancial in Tennessee to buy Sevier County Bancshares
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SmartFinancial (SMBK) Announces Acquisition of Sevier County Bancshares, Inc
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Tennessee-based bank opens in Innsbrook with new Richmond brand
January 7, 2021 3
The Southern Community Bank team in Richmond: Terry Richards, Andy Ferguson, Bonnie Howle, Matt Paciocco, Natalie Wison and Bill Bien. (
Courtesy of SCB)
Armed with a veteran investor and a small, but well-capitalized Tennessee bank, John Presley has put the band back together in Richmond.
From an office in Innsbrook, Presley and a group of six employees in recent weeks launched Southern Community Bank, an offshoot of Tennessee-based Sevier County Bank created specifically to serve as a new bank for the Richmond market.
It’s the third new bank Presley has helped launch locally, having previously served as founding CEO of the former First Market Bank and First Capital Bank, both of which were eventually acquired.