[2] After the demolition of the Oliver Hotel in 1967, the then-called American National Bank Building was constructed beginning in 1968 and was topped out in 1970.

Several years after its completion and grand opening in late 1970, its name was changed to the Valley National Bank Building.

The top floor had a private bar (the Summit Club) until it closed in 2012 due to low membership after 41 years in the building.

The building has gone through two major renovations; in 1993, the tower's heating and cooling systems as well as the parking garage were upgraded.

In 2015, after a water leak that caused occupants to vacate, the tower underwent a $40,000,000 renovation that included the addition of the new hotel and bar.