Gila Valley Bank, forerunner of the Valley National Bank of Arizona, was formally organized on this site on December 15, 1899, and opened on January 16, 1900. It was originally housed in the northeast corner of the I. E. Solomon Commercial Company Building. The present structure is a two-thirds scale replica of the original, constructed by Valley National Bank as its 200th branch office. Groundbreaking took place on October 22, 1980, and it opened on May 4, 1981. From beginning assets of $25,000, the bank grew to become a major financial institution in the West.