This two-storey Edwardian Classical bank was designed for the Imperial Bank of Canada by the Toronto firm, Darling and Pearson, Architects. After the bank merged with The Canadian Bank of Commerce in 1961, the building continued as a branch of the new Canadian Imperial Bank of Commerce until 2000. The old bank's initials, IBC, remain in the original mosaic floor of the entrance rotunda, restored with the building's façade as part of a condominium project in 2005.