KNOXVILLE, Tenn. and CHATTANOOGA, Tenn. — Rains Insurance, Inc. (“Rains”), a wholly owned subsidiary of SmartBank, announced today that it has acquired the operating assets of Chattanooga, TN-based Sunbelt Group, LLC (“Sunbelt”). The transaction is effective September 1, 2022 and marks the first acquisition of an independent insurance agency by Rains.
Sunbelt, formed in 1984, is an independent, full-service insurance agency providing personal and commercial property and casualty insurance as well as life and health. In addition, Sunbelt has a dedicated transportation insurance department that focuses their attention solely on the insurance needs of the transportation industry. Mark Slater, President of Sunbelt Insurance, said, “Rains and SmartBank have a great culture and a proven track record of success. We are fortunate to join this outstanding team and look forward to our role in achieving the vision for growth and providing an exceptional customer experience.”
“Sunbelt Insurance represents many of the finest national and regional insurance companies in the industry,” said Billy Carroll, Chairman of Rains Insurance and President of SmartBank. “We are excited to add this team of hard-working and experienced insurance advisors to our company and look forward to further expanding our service areas in Tennessee and all across our footprint.”
Source: SmartFinancial, Inc.
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