Vitzthum & Co. in the Classical Revival style, with some Art Deco ornamentation; it is faced with Bedford stone.

[2][3] The Hyde Park–Kenwood National Bank, controlled by banker-developer John A. Carroll, was meant to be a pillar of its Chicago neighborhood.

Like other bank buildings constructed before the Great Depression, the Hyde Park Bank Building was built to serve as a multi-purpose facility, with the building's 53rd Street frontage rented out to retail stores, the bank's public space occupying the interior of the first floor and all of the second floor, back-office facilities occupying more space, and additional office space set aside for rental by independent professionals such as physicians and lawyers.

A thriving nearby electric railway station made this a prime location for capital-intensive development.

As a result of the Great Depression, the building's flagship institution, Hyde Park–Kenwood National Bank, closed permanently in June 1932; depositors were eventually paid off in full, but had to wait until World War II for the final payout.