 KNOXVILLE, Tenn., Sept. 30, 2021 GLOBE NEWSWIRE -- SmartBank the Bank, a subsidiary of SmartFinancial, Inc. SmartFinancial or the Company; NASDAQ: SMBK, announced today that it has entered into a Purchase and Assumption Agreement, dated September 30, 2021, to sell a portfolio of loans and certain assets associated with its branch office located in Richmond, Virginia to Strasburg, Virginia-based First Bank. 