When it was founded, the Scandinavian-American Bank had its offices in the Metropolitan Opera House in Grand Forks.

[4] The building is located on a corner lot, approximately 90 by 100 ft (27 by 30 m) in size, at the intersection of DeMers Avenue and North Fourth Street.

It is considered an "outstanding example" of the use of Classical Revival architecture in the context of a large commercial building.

[3] The two sides that face the street have two-part facades in which the lower two stories are fronted by rusticated ashlar piers built on top of polished granite blocks and the three upper stories are faced with red brick.

[3] The property was included in a 1981 study of the historical resources of downtown Grand Forks.