Constructed in 1920, it was closed when the bank that built it failed in the Great Depression, leaving it to be used by a succession of businesses.

Designed by William Lightner and Charles B. Zalesky, the masonry Neoclassically styled building included two substantial Doric columns in its facade and several tall windows on the sides.

[4] The bank survived the tumultuous economic times of the 1920s, but it could not withstand the Great Depression, which led to its closure on July 27, 1931.

The building remained a center of life in Ladora: during various times in its history, it served as a community center, housing a Red Cross office during World War II and a civil defense shelter during the Cold War; it was also a polling place for many years.

[6] During this period, it was added to the National Register of Historic Places, being included primarily for its architecture.