SmartFinancial, Inc. Announces Extension of Exchange Offer for 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035

Core Viewpoint - SmartFinancial, Inc. has extended its registered exchange offer for up to $100.0 million of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035, allowing for the exchange of outstanding unregistered notes issued in a private placement on August 20, 2025 [1][4]. Group 1: Exchange Offer Details - The exchange offer's expiration date has been extended from January 2, 2026, to January 9, 2026, unless further extended by SmartFinancial [2]. - As of January 2, 2026, $82.5 million of the outstanding notes have been tendered for exchange, representing 82.5% of the total outstanding notes [2]. Group 2: Company Information - SmartFinancial, Inc. is based in Knoxville, Tennessee, and serves as the publicly-traded bank holding company for SmartBank, a full-service commercial bank founded in 2007 with branches in Tennessee, Alabama, and Florida [5]. - The company's success is attributed to recruiting top talent, delivering exceptional client service, strategic branching, and a disciplined approach to lending [5].