Built around 1910 by Paul and Guy Shoup, this double building was the third building in downtown Los Altos and housed the offices of the Altos Land Company, Los Altos Building and Loan Association, Los Altos Water Company, University Land Company, and Walter A. Clark, general agent for the Los Altos Land Company. In 1919, the corner side, now 398 Main Street, became the First National Bank of Los Altos, locally owned by the Shoup brothers. The inner building, now 388 Main Street, then became a series of grocery stores, the most popular being The Red and White Store. Alex Gordon and Ted Grebbel later purchased the store, and Gordon's prospered and moved to a larger site. After that, Cunningham's, a dry goods store, took over. Los Altos old timers still refer to the building as The Bank and The Grocery. Its architecture shows Mission Revival characteristics, and work in 1974 revealed nine coats of paint and parts of the original facade beneath the existing one.