In 1913 the Merchant's Bank was erected and later changed the name to First National Bank. After its failure in 1931 during the Great Depression, it was occupied as a medical office for many years by Dr. Walter Clement*. In the late 1980's it was remodeled for a private home and later it was reconverted for office use. In addition to its neoclassical columns and faux pediment facade the original vault and marble bank lobby remain intact. The building is listed on the National Register of Historic Places #8CH230.
*Dr Clement championed and was one of the founders of the first hospital in Punta Gorda. A 22 bed hospital opened in August 1947. He was president of the Rotary and of the SW Florida Medical Association.
