The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-11-11
Former Cashier Of the
National Bank of Com
merce in New Position
c. w. LAMAR BECOMES
THE BANKS CASHIER
Meeting of Directors Held
Yesterday Afternoon and
Change Effective Today

Edgar r. Malone, cashier Of the
National Bank of Commerce, for the
past year, became president of the
American National bank YESTERDAY
afternoon when the directors of the
latter institution held meeting and
elected him TO the presidency to sue
coed James G. Pace, who retires in
order to devote more OF Ids time to
his private business Interests. Mr..
Malone resigned as cashier of the
Bank of Commerce yesterday after
noon upon accepting the presidency
OF the American National. Chas. W.
Lamar, under the reorganization. be-
comes cashier Of the American Ma
ta0n6l. - = 5
This announcement was made late
yesterday afternoon, following
meeting Of the directors. The latter,
when 1t became known that Malone
had become president and Lamar
cashier, received the congratulations
Of the banks friends, who realized
that In these two men the American
has a very strong combination,
backed by directorate which COM
prises some Of the best and most en-
terprising citizens of Pensacola.
PACE STILL INTERESTED.
When James G. Pace accepted the
presidency Of the bank 1t was under
promise to serve for one year, and
while he retires as president, he still
retains his interests in the institution
and membership on the board of d.
rectors.
AS token of appreciation the d.
rectors Of the institution presented to
the retiring president beautiful sill
yer loving cup, Samuel Pasco making
the presentation on their behalf Mr..
Pace, completely surprised by the
gift, responded feelingly to the
speech of Mr.. Pasco. C. w. Lamar,
who had during the year been so
closely associated with Mr.. Pace, then
presented the latter on behalf of the
banks employees, beautiful gold
knife and took occasion, in doing so
to pay a high tribute to the retiring
president.
While Jas. W. Andrews resigned
as cashier and is succeeded by Mr..
Lamar, the former will continue with
the bank as assistant cashier. He
has been with the institution for ff-
teen years and the directors In ac-
cepting his resignation as cashier re-
ferred to his excellent service to the
bank during this long period.
POLICY IS OUTLINED.
In outlining It's future policy the
American National issued the follow
ing statements TO it's stockholders:
standing side by side with Its
hundreds Of customers, to whom it
has been friend indeed, the Ameri-
can National bank has weathered
many storms; the American policy
of considering the welfare of its
stockholders and depositors will be
steadily adhered to. The new presi-
dent will be progressive, and, while
he will not lend your money helter-
SHELTER, the entire management is not
unappreciative of changing tenden-
Reserve system the American Ma
tional bank viii offer depositors all
the protection and facilities afforded
by its membership and ability to con-
troll large funds"
A PRACTICAL BANKER.
Mr.. Malone, the president, Is
practical banker. Before coming to
Pensacola and associating himself
with the Bank of Commerce, he was
engaged in the banking business In
South Alabama, and was persuaded,
on the organization of the Bank of
Commerce, to come to Pensacola and
fConttnued from Paxa Ona,