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SmartFinancial, Entegra Financial to merge

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SmartFinancial, Entegra Financial to merge

Knoxville, Tenn.-based SmartFinancial Inc. entered a definitive merger agreement with Franklin, N.C.-based Entegra Financial Corp. The two companies will combine in a merger of equals.

The merger will create an approximately $4 billion-asset bank holding company with 47 branches across a number of states.

More details to follow.