1st National Bank of Scotia and Scautub Agency Join Forces

SCHENECTADY, NY (August 5, 2013) - On July 31, 2013 Scautub Agency, LLC became a subsidiary of the Glenville Bank Holding Company (GBHC), the parent company of 1st National Bank of Scotia.

Scautub Agency has been providing personal and business insurance products to Capital Region residents since 1926. The Scautub Agency will continue to operate under the same name and out of its current State Street location in Schenectady.

“We are excited to partner with a locally owned community bank that shares a similar philosophy of providing a high level of customer service. This opportunity will strengthen our current business presence and provide more resources to offer our customers the best products and services available,” said Donna Segatto, President of Scautub Agency.

1st National Bank of Scotia will be able to offer a more complete financial package to customers. Robert Dieterich, Chief Financial Officer of 1st National Bank of Scotia and CEO of Scautub Agency noted, “as a true community bank it is important for us to continually expand our offerings and to deliver them in the most convenient way. The decision to partner with the Scautub Agency was a natural fit. Scautub has been offering top notch service and advice in the Capital Region for generations, nearly as long as the Bank.”

To learn more about the Scautub Agency acquisition, contact 1st National Bank of Scotia.

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