August 7, 2019

On August 6, 2019, Sevier County Bancshares, Inc. (“Sevier County”), Sevierville, Tennessee, the holding company of Sevier County Bank, announced the completion of its $13 million common stock offering, effective August 1, 2019.  The capital raise included shares issued via a securities purchase agreement with a private investor, as well as a rights offering to existing accredited shareholders of the Company and certain other designated accredited investors.

Luse Gorman served as legal counsel to Sevier County in the offering.  The Luse Gorman team consisted of Kip A. Weissman and Victor L. Cangelosi.

Sevier County is a full-service community bank serving Sevier County, Tennessee and the surrounding area through its six branch locations.