A commercial building forming part of the old waterfront district of New Bedford, designed by Russell Warren in the form of a Greek Ionic temple. North half built for and owned by the Mechanics Bank; south half built for and owned by the Merchants Bank. In the early 1890's both banks moved out of the building.

While one architect, Russell Warren, designed the building, two different builders built it. Robert Chase built the north half and Dudley Davenport built the south half.

A commercial building erected at the peak of New Bedford's prosperity, which is a rare extant example of Italian Renaissance influence on mid-nineteenth century American architecture. Originally built for the New Bedford Institution for Savings. From 1897 to about 1940 or 1950 used by the Third District Court, presumably owned by the Commonwealth of Massachusetts, then purchased by Johnson's Inc for use as a automobile parts and machine shop.