SmartFinancial, Inc. and SmartBank Announces Resignation of John H. Coxwell, Sr., as Executive Vice President and Chief Operating Officer, Effective Immediately
September 29, 2016 at 03:59 pm EDT
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On September 7, 2016, SmartFinancial, Inc. announced that its Executive Vice President and Chief Operating Officer, John H. Coxwell, Sr., will be concluding his duties with the Company and its wholly-owned subsidiary, SmartBank. Mr. Coxwell’s last day as an officer was previously reported to be December 5, 2016, which marks the end of the two-year term set out in his current employment agreement. However, that date has been accelerated due to health reasons. While the Company will continue to perform its obligations under the employment agreement until December 5, 2016, as planned, Mr. Coxwell’s final day as an officer of the Company will be effective September 29, 2016. For the time period beginning September 29, 2016, and until his employment agreement expires, Mr. Coxwell will continue as an employee of the Bank and will be available to assist the Bank and the Company, as needed.
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. and SmartBank Announces Resignation of John H. Coxwell, Sr., as Executive Vice President and Chief Operating Officer, Effective Immediately