L. W. Shepherd and B. C. McQuesten built this building as a bank. It was the first location of Peoples National Bank, which bought the property in 1872 and then relocated to 137 S. Main around a decade later. Originally, it had arched window and door openings on the ground floor. The location later housed a variety of businesses, including the Kansas Liberal newspaper, a grocery, a drug store, insurance, abstract and title and real estate offices, a beauty salon, and a coffee shop. It also served many mercantile businesses, including a 5 and 10 cent store, candy shop, jewelry store, and photography store. The building is a contributing building to the Historic Ottawa Central Business District, placed on the National Register of Historic Places in 2007.