Opened in 1910, the same year Chester was incorporated, the bank was the first in the city.

[2] Available land and steady rainfall made the area's newly settled farmers prosperous, and they used the bank to both hold their earnings and take out loans for new equipment.

Droughts in the lat 1910s reversed the fortunes of many of these farmers, however, and like many others across the state the bank closed in 1920.

Since then, the building has been used for a variety of commercial and residential purposes; it also housed Chester's hospital from the 1920s through the 1940s.

[3] The building was added to the National Register of Historic Places on August 29, 1997.