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.”
Over the last seventeen years, The Adirondack Trust Company has acquired Wise Financial Group of Saratoga Springs, NY, Round Lake Company of Malta, NY, Client’s First of Ballston Lake, NY and Amsure Associates of Albany, NY. The combined entity is one of the largest insurance agencies in the Capital Region based on annual revenue.