The building at 250 E Park Ave in Lake Wales, FL, was originally built in 1915 as the Lake Wales State Bank, which remained solvent through the Great Depression and served the community until 1953.
Here's a more detailed look:
• Historical Significance:
The Lake Wales State Bank building at 250 E Park Ave is a significant part of Lake Wales' history.
• Bank's History:
The bank opened in December 1915 and proved to be a sound financial institution for the developing community.
• Solvency:
The bank remained solvent during the crash of Florida's economy in 1926 and the Great Depression of the 1930s, one of a small number of Florida banks to do so.
• Move and Sale:
The bank moved to a new location at the corner of Stuart Avenue and Market Street in 1953. Two years later, the bank sold the building at 250 E Park Ave to a life insurance company.
• Current Use:
The building is now waiting for it’s next tenant, hoping to be a creative hub in historic downtown Lake Wales.
• Architectural Features:
The building is distinguished by an entrance portico featuring Tuscan columns, a corbelled brick cornice, and brick dentils decorating the roof line along the bank's facade.