Designed in 1920 by Tucson architect H. O. Jaastad and erected by Snell & Harvey of Phoenix for around $50,000, this imposing neo-classical revival bank building stood on an intersection where banks once occupied three corners. Built with a concrete foundation capped by brick construction, it featured two terra cotta engaged columns on the front and originally had a transom over the entry door. The public was invited to view its fine interior on May 28, 1921, when it contained gray marble, oak cabinets, storage vaults, safety deposit boxes, and rooms for patrons to conduct business. The Depression led Arizona Bank & Trust to close its offices in Safford, Pima, and Thatcher late in 1923. After a vacant period, Valley National Bank, also called Gila Valley Bank, occupied the building from the 1930s to the 1950s. Many later businesses used the site, including Kimball and Greenhalgh Insurance, Brinkerhoff Realty, Richards Music, and Holladay's Photo Emporium, while private offices were located upstairs. Although the original interior remained intact for many years before extensive remodeling by an auto dealer tenant, the upper northwest corner still retains its rod and light, once used before radios to signal the local police officer that he was needed at the station. The building was placed on the National Register of Historic Places in 1982.