It is a small single-story brick structure, three bays wide, with a flat roof and a concrete foundation.

The main space in the interior, originally the bank lobby and teller area, is finished with tongue-and-groove wainscoting.

Toward the rear of the building there is a vault, the office of the bank president, and stairs leading to the basement.

The Rangeley Trust Company was founded in 1905 by Harry Furbish, a local businessman active in both lumbering and insurance, as a vehicle to finance the area's economic development.

Furbish retained Lewiston architect William R. Miller to design this Classical Revival building, which opened for business in 1906.