The Naugatuck National Bank, constructed in 1930, is an example of Neo-Classical Revival architecture. The building features a cubic form with corner quoining and consoles supporting a prominent cornice.

Initially founded in 1883, the bank replaced an 1893 structure designed by the architectural firm McKim, Mead & White, which stood next to the Town Hall.

Over time, the 1930 building housed various financial institutions, including Bank of America, which vacated the property in 2021. In 2022, the Borough of Naugatuck acquired the building for $1.1 million to retain control over its use and future development in downtown Naugatuck.

Designated as part of the Naugatuck Center Historic District on July 30, 1999.