Our History

From Banking to Speakeasy

Our historic building’s roots began in 1922s as a bank. Today, The Vault Bar & Restaurant’s whispers tales of a bustling past. Come celebrate this legacy with good food and unforgettable experiences.

The Place

The place that feels familiar to escape to. The place where food & drinks are made with care & passion. The place with personalized service, and a deep sense of community, because it is our community too.

Core Values

Innovation
Community
Teamwork
Respect
Reliability
Personal Responsibility

An Escape

An escape from your normal routine.

An escape from “the norm” food and drinks.

An escape from your day to day.

An escape to the past.

Pompano's Historic Heist: The First Bank & The Vault

Pompano Beach’s heartbeat started ticking in the early 1900s near Lettuce Lake. But with the arrival of the FEC railway depot, the action shifted east of Dixie Highway and north of Atlantic Boulevard. This soon-to-be downtown area, known as Old Town today, became the center of the city’s early economic boom.

Serving the growing community, businesses sprung up along these streets, including a crucial one – a bank. Today, the building at 61 NE 1st Street holds the distinction of being Pompano Beach’s oldest commercial structure. Back in 1922, it proudly housed the First Bank of Pompano.

Old Town Pompano Beach circa 1920’s
The original First Bank of Pompano pictured to the right.

A Grand Opening

The Pompano community celebrated the grand opening of the State Bank of Pompano (later renamed First Bank) on September 25, 1922. The day was filled with local fanfare – refreshments from bank directors’ wives, speeches by prominent citizens, and even an orchestra serenading guests in the lobby. It was a momentous occasion for the town’s financial future.

A Notorious Encounter

On September 12th, 1924, the infamous John Ashley and his accomplice, Lynn Middleton, strolled into the bank at 2:30 pm. With a dramatic “hands up!” and armed with pistols and an automatic rifle, they relieved the bank of $5,000 in cash and $18,000 in securities. Adding insult to injury, Ashley left a bullet for Sheriff Baker with a taunting message before making a grand escape, reportedly waving a bottle of liquor and shouting their victory, “We got it all.” Despite over a decade of bank robbery, bootlegging, escapes from Raiford, piracy, and suspected murder John Ashley, his girlfriend Laura Upthegrove, and his gang were seen as local folk-heroes by many.

The Notorious John Ashley Gang

From Bank to
Beloved Landmark

Despite the brazen bank robbery, the First Bank persevered. It even underwent a name change, becoming the Farmer’s Bank of Pompano in 1934. However, the Great Depression eventually took its toll, and the bank closed its doors.

Thankfully, in 2006, when demolition loomed, local citizens rallied to preserve this historic landmark along with the neighboring Bailey Hotel. Today, The Vault proudly occupies the space lovingly referred to by locals as “The Old Bank Building,” carrying the torch of its rich history. The Bailey Hotel is now The Bailey Contemporary Arts Center.

The Bones Remain,
The Story Lives On

Within the walls of The Vault, you’ll not only find delectable dishes and refreshing drinks, but also a rich history. The spirit of this historic building whispers tales of a bustling past. At The Vault, we celebrate this legacy while creating a new chapter filled with laughter, good food, and unforgettable experiences.