The structure was built by Granville State Bank president George E. Stubbins in 1903 using sandstone and prairie granite from Kottke Valley Township to the northwest.

The architect was James S. Cox of Estherville, Iowa,[2] who also designed the Grand Auditorium and Hotel Block in Story City, Iowa.

The building was listed on the National Register of Historic Places (NRHP) in 1977.

[1] It served as the headquarters for the state banking board's examiners and receivers until 1929.

An International Harvester dealership also did business in the building.