SmartFinancial in Knoxville, Tenn., has acquired an insurance agency.
The $4.8 billion-asset company said in a press release Tuesday that it bought the operating assets of Sunbelt Group in Chattanooga, Tenn., for $6.5 million.
Sunbelt, formed in 1984, provides personal and commercial property and casualty insurance, as well as life and health. The agency also has a transportation insurance department.
“Sunbelt Insurance represents many of the finest national and regional insurance companies in the industry,” Billy Carroll, SmartFinancial’s president and CEO, said in the release.
“We are excited to add this team of hard-working and experienced insurance advisers to our company,” Carroll added.