[4] By the 1880s, the Dedham Institution for Savings, which had been housed for 40 years in the Norfolk Mutual Fire Insurance Company at 4 Pearl Street, determined that they needed additional space and a building of their own.
[6][7] On April 26, 1887, the bank purchased the Phoenix Estate on the corner of High and Washington Streets, the site of the present day Knights of Columbus building, next to the Dixon property.
[6][9] At the time of its opening, the local newspaper reported that people were lining up at the counter of the bank before the operation had moved down the street.
[6] The building was sold in the summer of 2019 to Mark R. Epker, a resident of Dedham and the principal of Vantage Real Estate.
[6] The building was designed by Hartwell & Richardson and built by Darling Brothers of Worcester[8][6][7] in the Romanesque Revival style.
[7] The ends of the arches and the braces of the downspouts are accentuated by whimsical brownstone carvings, including entwined dolphins.