The Board authorized a stock repurchase plan, pursuant to which SmartFinancial (SMBK) may purchase, from time to time, up to an aggregate amount of $10M of its shares of common stock. The 2026 Repurchase Plan will become effective on March 1, 2026, and will expire on February 28, 2027, unless extended by the Board. The 2026 Repurchase Plan will replace SmartFinancial’s prior stock repurchase plan, which will be terminated when the 2026 Repurchase Plan becomes effective.
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