[2] The construction of the bank was overseen by Edward Magrath and Joseph Nicholsen (carpenters) and by Andrew Gordon (mason).

The interior of the building was gutted at that time, and the current City Council chambers on the second floor were built.

The room was carpeted in 1882 with the mayor's seat along the south side with black walnut desks arranged in a semicircular plan for the member of city council.

[2] The 1886 Earthquake damaged the exterior,[5] and large chunks of marble broke loose and fell off the building even in 1897.

[5] Rumors circulated that City Council was investigating the demolition of the building which the local newspaper described as being "neither an ornament nor a landmark" that was rapidly becoming a "veritable death trap.

[14] In 2003, city officials began discussing restoration of the building, noting that the 1886 earthquake repairs had not been done well in the first place.