The Adirondack Trust Company announced today that they have signed a
letter of intent to purchase the assets of the Sutton and Tarantino
Insurance Agency, one of the Saratoga Region’s leading, independent
insurance agencies based in Saratoga Springs, NY with a satellite office
in Ballston Spa, NY. The transaction is expected to close by January 1,
2018.
In addition to its banking operations, The Adirondack Trust Company
operates two insurance divisions, the Adirondack Trust Insurance Agency
based in Saratoga Springs, NY and Amsure, based in Colonie, NY. Sutton
and Tarantino is widely recognized as a respected insurance agency which
has proudly represented individuals, families and businesses in the
Saratoga County community since 1955.
Rod J. Sutton (Owner) noted, “I am looking forward to having my
entire team of insurance professionals join the highly skilled insurance
staff at the Adirondack Trust Insurance Agency. Our organizations’
shared cultures, values and commitment to superior customer service
prove to be a natural and exciting fit for the future. We look forward
to offering our clients a broader variety of financial services on a
local, independent and personal basis. Our combined entities will offer
our individual and business clients the most competitive, comprehensive
and independently developed insurance options available in the
marketplace.”
Charles V. Wait, Chairman of The Adirondack Trust Company noted,
“With this letter of intent to purchase the Sutton and Tarantino
Insurance Agency we are very pleased to enhance Adirondack Trust’s
tradition of excellence. Rod and his staff have provided invaluable
insurance services to countless individuals and businesses for over 60
years. Coupled with the strength of the Adirondack Trust Insurance
Agency, our combined depth and knowledge of personal and business
insurance services is unmatched in this area. We are committed to
providing our core values of service, stability, safety and sound advice
to all of the Sutton & Tarantino clients.”