Perth Amboy evening news., 1921-03-30
MANY INSPECT
BANK BUILDING
New South Amboy Structure
for National Bank is Credit
to the City.

[By Evening News correspondent.I
SOUTH AMBOY. March 30:-The
formal opening of the handsome
new quarters of the First National
Bank was held yesterday. While
the building was open for inspection
all day Monday the first business in
the new building was transacted
yesterday morning when the doors
were thrown open to their clients.
In this building South Amboy can
now boast of having one of the most
modern and we'll equipped banking
buildings that will compare fayora-
bly, with the best in cities of larger
size.
While the exterior of the building
is attractive and makes a handsome
addition to the other business houses
on Broadway the interior beauty of
the structure is surprising. On en-
tering the door at the front the line
of vision beholds well proportioned
quarters, crowned by plastered
ceiling, ornamented with Golfers del
icately relieved in warm colored
tints. At the rear over the safe de-
post department is a mezzanine
floor where the board room is locat-
ed.
Facing the front of the public
lobby on the street side of the build
ing are the officers quarters. This
Office is enclosed with a marble rail
which extends around the entire
public space wainscoting. Directly
back of the officers room is. priv
ate conference room.
The entire banking screen is faced
with marble, having delicately
tcarved pilasters and cornice of SIM
pie holdings.
The safe deposit vault. which IS
on the main floor and located in the
rear, at one side facing the main
axis of the public lobby, is conspic-
uously noticed on account of the
main door, and vestibule of the en-
trance of the vault, being eighteen
inches in thickness and eighty-four
inches in diameter. weighing ap-
proximately twenty tons. This steel
work is thoroughly burglar proof.
The safe department will be espe-
cially featured in the future. There
are several individual coupon booths
inside of the safe deposit depart
ment, which is separated from the
main public lobby by marble and
bronze grille. A larger room ac-
commo odating several safe deposit
customers is also provided.
Realizing the need of some such,
institution the South Amboy First
National Bank had its inception i'll
building owned by Edward S.
Everitt, opposite the Central rail-
road station. 1t was organized by
Harry c.. Perrine, John S. Silvers.
John Mulholland, Daniel c. Chase,
Straub, William G.. Howell and John
Wycoff. On March II, 1888, it was
chartered under the laws of New
Jersey and opened for business the
following May IA.
The bank had for its first cashier
the late John Wycoff who resigned
in 1902 when r. c. Stephenson, who
now holds that office, was elevated
to that position. Mr.. Stephenson
accepted a position with the new
bank in June following it's organiza-
tion and still continues as one of its
officers and directors. II. Francis
Perrine entered the service in 1898
and is now the assistant cashier.
Harry c. Perrine, father of the
present executive head of the insti-
tuition, was its first president. 1t is
largely due to his conservative man
agement that the present day sue
cess is possible. The foundation laid
down some thirty years ago by the
late Mr.. Perrine and his colleagues
is largely responsible for the contin-
ued success of the bank. The policy
| outlined by the late Mr.. Perrine has
been followed by his son who now
acts in the same capacity.
The local institution is a member
of the Federal Reserve Bank. 1t
has a capital of 100000 and sur
plus and undivided profits of S11S,-
200. At the present time the de-
posits amount to over two million
| dollars.