Scott Livingston "Scotty" Probasco, Jr. (November 26, 1928 – April 17, 2015) was an American heir, businessman and philanthropist.
[Dean W. Arnold, ''Old Money, New South: The Spirit of Chattanooga'', 200]
/ref>
Early life
Scotty Probasco was born in Chattanooga, Tennessee
Chattanooga ( ) is a city in and the county seat of Hamilton County, Tennessee, United States. Located along the Tennessee River bordering Georgia, it also extends into Marion County on its western end. With a population of 181,099 in 2020, ...
on November 26, 1928. His family has been involved in banking for ten generations. His grandfather, Harry Scott Probasco (1858-1919), founded the American National Bank
First American National Bank was a subsidiary of First American Corporation, a financial institution based in Nashville, Tennessee, that served the states of Tennessee, Kentucky, Georgia and Virginia. It was headquartered in the First American ...
, and his father, Scott L. Probasco, Sr. (1890-1962), founded a trust company ultimately bought by SunTrust Banks. Probasco had said that the "Probasco" family were originally Jews from Madrid
Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...
, Spain
, image_flag = Bandera de España.svg
, image_coat = Escudo de España (mazonado).svg
, national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond")
, national_anthem = (English: "Royal March")
, i ...
who immigrated to the Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
and converted to Protestantism; then in the 1600s, they immigrated to the U.S. Both his father and grandfather attended the First Presbyterian Church of Chattanooga, and were devout followers of Christ.
Probasco attended the Baylor School
Baylor School, commonly called Baylor, is a private, coeducational college-preparatory school in Chattanooga, Tennessee. Founded in 1893, the school currently sits atop a 690-acre campus and enrolls students in grades 6-12, including boarding stu ...
, where he played on the golf
Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible.
Golf, unlike most ball games, cannot and does not use a standardized playing area, and coping wi ...
team. He received a Bachelor of Arts degree in History from Dartmouth College
Dartmouth College (; ) is a private research university in Hanover, New Hampshire. Established in 1769 by Eleazar Wheelock, it is one of the nine colonial colleges chartered before the American Revolution. Although founded to educate Native A ...
and attended the Wharton School of the University of Pennsylvania
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League rese ...
.
Career
Probasco considered becoming a preacher, but joined the family business instead. He served as the Chair of the Executive Committee of SunTrust Bank in Chattanooga. He served on the Board of Directors as well as the Audit and Compensation Committees of Chattem
Chattem, Inc. is an American, Chattanooga, Tennessee-based, producer and marketer of over-the-counter healthcare products, toiletries, dietary supplements, topical analgesics, and medicated skin care products. Originally named the Chattanooga Me ...
, a Chattanooga-based producer and marketer of over-the-counter healthcare products, toiletries, dietary supplements, topical analgesics, and medicated skin care products.
Philanthropy
Probasco sat on the Board of Trustees of the University of Tennessee at Chattanooga as well as its UTC Alumni Council, UT Development Council, and UT Foundation. He has also supported the UT chapter of the Fellowship of Christian Athletes
The Fellowship of Christian Athletes (FCA) is an international non-profit Christian sports ministry founded in 1954 and based in Kansas City, Missouri. It has staff offices located throughout the United States and abroad.
History
FCA was found ...
. The Probasco Chair of Free Enterprise
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ...
at UTC, was originally endowed by Burkett Miller, Managing Partner of Miller and Martin and Probasco's good friend. Miller named the Chair for Probasco to honor his commitment to the enduring values of American Free Enterprise. The Chair was held by Jeff Ray Clark
Jeff Ray Clark is an American economist specializing in public finance, public choice, and managerial economics. He is the Scott L. Probasco, Jr. Chair of Free Enterprise at the University of Tennessee at Chattanooga.
Education
A native of Way ...
until 2019, Claudia Williamson, Ph.D. was appointed to the Chair in the summer of 2020. He received the UTC Alumni Board's Outstanding Service Award.
Probasco also donated to the Baylor School
Baylor School, commonly called Baylor, is a private, coeducational college-preparatory school in Chattanooga, Tennessee. Founded in 1893, the school currently sits atop a 690-acre campus and enrolls students in grades 6-12, including boarding stu ...
, the Chattanooga Chamber of Commerce, the Chattanooga-based Benwood Foundation
The Benwood Foundation is a charitable foundation created in 1944 by George Hunter in honor of his uncle, Benjamin Thomas who pioneered the Coca-Cola bottling industry and founded the Coca-Cola Bottling Company. George Hunter was the heir of Benj ...
, Bethel Bible Village, a crisis center for neglected, abused and in-crisis children based in Hixson, Tennessee
Hixson is a former unincorporated area, unincorporated community and now part of the city of Chattanooga, Tennessee, Chattanooga in Hamilton County, Tennessee, Hamilton County, Tennessee, United States. It is in the northeastern part of Chattanoog ...
, the Community Foundation of Greater Chattanooga, and the United Way of Greater Chattanooga. He supported Republican Bill Haslam
William Edward Haslam (; born August 23, 1958) is an American billionaire businessman and politician who served as the 49th governor of Tennessee from 2011 to 2019. A member of the Republican Party, Haslam previously served as the 67th mayor of ...
's gubernatorial campaign in 2010.
Personal life and death
Probasco was married to Betty Rowland Probasco, a.k.a. Betty Probasco, and they resided in Lookout Mountain, Tennessee, a suburb of Chattanooga.[John Shearer]
Betty Probasco Still A Golfing Champion
''The Chattagoonan'', June 08, 2003 They met at the Chattanooga Golf and Country Club in 1953.[David Uchiyama]
Historic event at Lookout
''Chattanooga Free Times'', May 26, 2010 His wife was an avid golfer and a former executive at the Women's Southern Golf Association. They had four children:
*Zane Probasco Brown. She is married to Greg Brown, who was elected as the Mayor of Lookout Mountain, Tennessee in 2006. He was still the Mayor in 2012.
*Ellen Probasco Moore.
*Benjamin Rowland Probasco. He has served on the Board of Directors of Krystal
Krystal may refer to:
People
* Krystal Ann Simpson (born 1982), American poet, fashion blogger, DJ, reality television personality, and musician
* Krystal Ball (born 1981), American political commentator
* Krystal Barter, Australian activi ...
, a fast food restaurant chain, since 1997.
*Scott Probasco, III.
Probasco's sister, Alice Probasco, was married to the late John T. Lupton II
John T. Lupton II (July 23, 1926 – May 16, 2010) was an American heir to a Coca-Cola bottling fortune, businessman and philanthropist.Dean W. Arnold, ''Old Money, New South: The Spirit of Chattanooga'', 2006, p. /ref> , the heir to the JTL Corporation, Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlanta ...
's largest bottler until he sold it to the Coca-Cola Enterprises for US$1.4 billion in 1986. Scotty Probasco was known for wearing bowties and smoking Honduran cigars. He died on April 17, 2015.Scott L. "Scotty" Probasco Jr., businessman and philanthropist, died Friday night
''Chattanooga Free Press'', April 18, 2015
References
{{DEFAULTSORT:Probasco, Scott L., Jr.
1928 births
2015 deaths
People from Chattanooga, Tennessee
Dartmouth College alumni
Wharton School of the University of Pennsylvania alumni
American bankers
University of Tennessee at Chattanooga people
Businesspeople from Tennessee
American people of Dutch-Jewish descent
American people of Spanish-Jewish descent
20th-century American businesspeople
21st-century American businesspeople
20th-century American philanthropists