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Alston and Bird: SmartFinancial Announces Acquisition of Progressive Financial Group
November 07, 2019
ATLANTA, Georgia, Nov. 7 -- Alston and Bird, a law firm, issued the following news release:

Alston & Bird client SmartFinancial Inc., parent company of SmartBank, has announced a proposed agreement to acquire Progressive Financial Group Inc., parent company of Progressive Savings Bank, in a cash and stock transaction valued at $41.4 million.

Based in Jamestown, TN, Progressive Savings has six full-service offices in central Tennessee and more than $300 million in to . . .

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