This two-storey reinforced concrete building is described in the New Plymouth District Council CBD Heritage Study as, "perhaps the most distinguished piece of architecture left of the work of the important local firm of architects Messenger, Griffiths and Taylor". It goes on to call it, "inventive in its form and use of materials, and is technically extremely proficient." The glazed terracotta cladding is said to be unique in New Plymouth. Plans held by Puke Ariki (ARC2011-087).
This building was constructed in 1930 when the bank was called the New Plymouth Savings Bank. The builders were Jones & Sandford and it was opened by the Governor General, Lord Bledisloe on 13 June 1930.
A high glazed canopy, erected as part of refurbishment of the building in 1983, has since been removed. Other smaller renovations were carried out in 1958, 1987 and 1989.
In October 2013 it was announced that the bank would close the branch as the building had been declared an earthquake risk. TSB managing director, Kevin Murphy, said at the time there were no plans to strengthen the building and reopen the branch. Following the decision there was some criticism from readers of the Taranaki Daily News.
In December 2020 a brewery, Three Sisters, opened in the old bank building.
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