It is a four-story, V-shaped structure, sheathed in Kato stone from Minnesota.

It was designed by McKim, Mead and White and built in 1927 to house the Rochester Savings Bank.

The building's banking room interior features murals painted by noted artist Ezra Winter.

[3] The university planned to spend $3–5 million on renovations, eventually resulting in a multidisciplinary center and multiuse venue for RIT students.

[5] The bank moved to its own building on State Street in 1842, to a second on Main and Fitzhugh Streets in 1857, and to its final building in 1927. Notable former board members include Colby Chandler, Marion B. Folsom, and Joseph C.