The bank was established June 1, 1880, by T. E. Collins, Charles Duer and L. H. Hershfield and Brother. It was first located in the Benton Record Building, then moved to this location in October 1881. The bank remained here until the large two-story building was built on the corner, and its name was changed to Stockmen’s National Bank. This site had previously housed Wells Fargo and the Benton-Helena Stage Company; in later years the telegraph office was located here.