from Margaret Probasco Jones (daughter)
Scott Livingston Probasco was one of the South's leading bankers. He entered the banking business when he joined his father, Harry S. Probasco, as an organizer of the American Trust and Banking Co., January 15, 1912. He was vice president of the new bank and was a member of the board. He became chairman of the board in 1941 and continued as board chairman when the bank became American National in 1948.
Additionally he was highly involved in the advancement of his community, acting as a leader in virtually every important movement to advance the community's material and cultural life. He was president of Benwood Foundation Inc., a philanthropic institution which had been able to aid many organizations through funds from its large trust. He was trustee, then honorary trustee of Baylor School and the University of Chattanooga (TN) and past president of the Chattanooga Chamber of Commerce. He worked with other other local leaders in persuading Quaker Oats Co. and Central Soya and other organizations to build manufacturing plants in Chattanooga.
A highly successful businessman, Mr. Probasco, was president of the Union Cotton Mills at LaFayette, GA at the age of 29 years. He was born in Chattanooga September 6, 1890 at the home of his parents, Harry Scott and Alice Moore Probasco. His father had brought his bride to Chattanooga from Indiana after rescuing her from her flooded home during a Ohio river flood. He attended schools in Tennessee and Connecticut, and was a veteran of both World Wars.
On June 26, 1926, Mr. Probasco married Margaret Williams, the daughter of Mr. and Mrs. R. H. Williams, who were neighbors of the Probascos. To this marriage were born one son, Scott Livingston Probasco Jr., and two daughters, Alice Moore and Margaret Williams Probasco.
Back to Biographies Page / Back to Home Page