It was a great success and on 9 May 1887, the Savings Bank opened an agency at the Mount Morgan Post Office.

This empowered the Bank to transact both savings and trading business under the security of a guarantee from the Australian Government.

[1] In 1913 the Queensland Government Savings Bank opened its own branch on the corner of Morgan and Central Streets on an area that was designated a reserve for the purpose.

[1] By the late 1970s the original verandahs of the bank were enclosed and the exterior walls on these sides were removed to enlarge the interior space available.

It is a single storey, timber-framed structure, clad with horizontal weatherboards and set on low stumps.

Banks of glass louvres under the eaves line the north and west sides of the building, which address the streets.

[1] The interior is now largely open plan, although a change in ceiling height demonstrates the position of former verandahs.

[1] The former Commonwealth Bank building was listed on the Queensland Heritage Register on 21 October 1992 having satisfied the following criteria.

The building is characteristic of small timber banks in regional towns, modest in scale and finish, but occupying a prominent corner site.

As Mount Morgan's only bank for 21 years and one which served the community for the best part of the 20th century, and as the premises of the institution which acted as an agent of the Commonwealth during the war, the former bank building has an important connection with the Mount Morgan community.

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