[2][1] In 1980 the Department of Education requested advice from the Heritage Council concerning the former CBC Bank which is situated within the grounds of Bega Public School.

It was agreed that the order would serve to emphasise the importance of this heritage item to the community of Bega and will ensure its future retention.

[1] A two-storey building of simple mid Victorian Colonial design of 3 bays originally having a 2-storey verandah and balcony (now removed).

The central entrance door is of 4 panels with fanlight flanked by a large shop window either side containing 6 equal panes of glass surrounding by a deep timber architrave.

Windows are generally 4 paned double hung type while the corrugated iron roof is of a simple hipped form with a small skillion at the rear.

[1] The building occupies a commanding position at the top of the bluff on what was once the main road entering the town from the north.

[3][1] CBC Bank building was listed on the New South Wales State Heritage Register on 2 April 1999 having satisfied the following criteria.

[3][1] The place is important in demonstrating aesthetic characteristics and/or a high degree of creative or technical achievement in New South Wales.