[1] The building was built as the new headquarters for Old National Bank, serving as a replacement for the Hotel Lincoln and ONB building built in 1916, the previous headquarters of Old National Bank.

The ceremonial groundbreaking for the building site took place on December 15, 1967, and foundation work commenced in 1968.

In 2004, the bank moved its headquarters to the new Old National Place, located on One Main Street by the Ohio River riverfront.

In October 2019, the building was purchased by Domo Development, and plans were to redevelop the building into a mixed-use tower that would include a restaurant, retail, office, and residential space.

[2] In October 2020, Domo Development raised concerns about the cost of renovating the building and instead planned demolition.