The building is recognizable for its use of muqarnas—characteristic of Persian and North African architecture—as well as its large arched windows and striking red sandstone facade.

[2][3][4] The Farmers' and Exchange Bank is located on the west side of East Bay Street in the Charleston Historic District.

It is a two-story masonry structure, built out of brick and multiple shades of brownstone, with stucco finish.

The second-floor openings are similar, with the upper circular portion having a scalloped edge, and the arches filled with large multi-pane fixed windows.

[4] The structure was considered for demolition in the early 1970s but Charleston banker Hugh Lane Sr. contributed $50,000 toward its restoration.