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 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, 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, Spain who immigrated to the Netherlands 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, where he played on the golf team. He received a Bachelor of Arts degree in History from Dartmouth College and attended the Wharton School of the University of Pennsylvania.
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 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, 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'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, 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'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