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First American Bank Clippings (Young Official History of NPB (Gulf Stream) (1958, 1959, & 1981)YOUNG. OFFI0 I U HISTU T OF . F. B. 1981 The Bank When the First American Bank opened in 1959, it was the first building to be erected on Northlake Boulevard, and many were skeptical about starting a bank on a lonely road. As the years have shown, it was an ideal location on what has turned out to be our busiest thoroughfare. The first and organizational meeting of the incor- porators, subscribers to, and shareholders of the capi- tal stock of First American Bank of North Palm Beach was held at the First National Bank, Palm Beach, at 2:00 p.m. on Friday, December 19, 1958. Mr. Byron L. Ramsing was elected as Chairman, and the following were elected to serve as Directors until the first annual meeting to take place in January 1959. Louis B. Bills; Robert F. Cromwell; Fred O. Dickinson, Jr.; Roy E. Garnett; Richard E. Ross; Herbert A. Ross; Ramon E. Lawrence, and Byron L. Ramsing. At this meeting, Mr. Ramsing was also elected Presi- dent; Mr. Ramon E. Lawrence, Vice President; and Mr. Carl I. Cassell, Vice President, Cashier. It was an- nounced at this meeting that the establishing of the Bank had received the approval of the Federal Deposit Insurance Corporation. 0% Ln w Z UjQ cn J Uj 2 Village of North Palm Beoch Village History First American Bank of North Palm Beach Cd En Cd boCud Q�j S-4 VQ) co �d 0aa°r�' r3k 1.4 v � 4) 0 Cd o a� o0CnE; ' ct. a° U 0 ccyj � v 4 W) :Z aU a Z��®zP 0 C,3 p" id Q�ct •� © Q! o.� �Cd CZ aUa�•� x Cd W Z a a� bdboU 2 'L3 0 i.� > 8 D*irectors \2 Sr0"i Named Ti Head', N. Palm Bank 1� Directors of the new First American Bank of North Palm Beach were elected at an or- ganizational meeting last week at the First National Bank in Palm Beach. Named as directors of the new bank were Byron L. Ram - sing, Palm Beach; State Senator Fred O. "Bud" Dickinson; Rob- ert Cromwell, Riviera Beach; Roy Garnett, Lake Worth; Lou- is Bills, Lake Park; Herbert Ross, North Palm Beach; Rich- ard Ross, North Palm Beach; and Raymond E. Lawrence, Lake Worth. Ramsing was named presi- dent and chairman of the board; Lawrence, vice-president and Cael Cassell, vice-president and cashier. Construction on the new bank, to be located on North Lake Blvd., will start in about one month. The bank is schedu- led to open in June, 1959. The bank is reportedly cap- italized at $400,000.