The tribute was paid during the first match of the season in honour of Peter Rawlinson, who had been the club’s president since 1995, and Mitch Smith, who was made an honorary life member in 1985.
Both men were appointed trustees, along with John Reynolds, to oversee the club’s affairs during the purchase of the grounds and the building of the pavilion.
All three of the trustees have now died.
Mr Rawlinson held the post of club president until his death in December.
Press officer Callum Hansey said the minute’s silence was impeccably observed at the club’s opening game of the new season.
“The flag has been at half mast for the last couple of weeks,” he said.
“Fortunately, this is the first time we had cause to do something like this since I have been here.”
He said following Mr Rawlinson’s death last year, the club had intended to dedicate a minute’s silence prior to the first game.
After learning of Mr Smith’s death last week, they chose to pay tribute at the start of Saturday’s game to both life members who played such a pivotal part in the club’s history.