The National Bank of New Zealand first opened a branch in New Plymouth in April 1873. These first premises were on the south-side of Devon Street - between Brougham and Currie Streets - and then in 1878 the bank purchased a section on the south-east corner of Brougham and Devon Streets.
The two-storey building was designed by Auckland architect, Mr D. Ross. The contractor was Mr James A. Johnston of Whanganui, with the local architect James Sanderson overseeing the project on behalf of Mr Ross. The budget for the build (including fittings) was set at £2,000.
Ross called for tenders in March 1884 and construction began in April 1884. The Taranaki Herald reported in September that the building was "nearly finished" and in November a very brief report appeared in the newspaper indicating that the bank was open for business.
The ground floor was reserved for banking business as well as accommodation for some staff. The upper floor was set to have eight offices - leased out - and with a separate entrance from Brougham Street.
The building was demolished in January 1938 prior to the construction of a new building.
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