It is one of four small bank buildings built in Richardsonian Romanesque style in Osage County, Oklahoma during 1904–1911.

A masonry inscription on the facade between the first and second floors reads, "The Bank of Hominy."

Except for the installation of two large display windows on the ground floor, architectural changes since construction have been minimal.

The building is historically significant because it is the oldest bank building in Hominy and one of the best examples of its architectural style applied to a commercial structure in Osage County, Oklahoma.

When the bank closed, Clyde M. Frazier bought the building and turned the ground floor into an auto parts store, which it remained until at least 1984.