In July 1881 the Taranaki Herald reported that the Bank of New South Wales had purchased a vacant section on the corner of Devon and Currie Streets for £17 10s per foot - described as "the cheapest piece of land in the centre of the town that has been purchased for some time".

Plans were ready and tenders for the construction of the new bank were called for in December 1882 and construction commenced in 1883. The building was designed by the Christchurch firm of architects, Armson, Collins and Lloyd - William B. Armson died before the construction finished. Mr J.C. George of New Plymouth was the contractor and a list of sub-contractors, along with a detailed description of the building was published by the Taranaki Herald on 19 September 1883. 

The building was finished in October 1883, the beginning of an association with the corner-site for the bank that lasted until 2017.

It was demolished in 1925 and replaced by a T.H. Bates designed building.

Part of Town Section 907 (subdivided c1876 Deeds Plan 8), Taranaki Land Deed Index I5 page 453 and 454.  

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