First National Bank Named A Finance and Commerce 2016 Top Project

The First National Bank of Saint Cloud was founded by James Bell and Joseph Smith in 1867. The building was built in 1889 with an expansion completed in 1918 designed to match the original building – doubling the size of the bank. It was designed by architect Charles Sedgwick and constructed by James Carlisle and Son, both of Minneapolis.


The Bank was added to the National Register of Historic Places on April 15, 1982. It underwent a complete restoration in partnership with the Minnesota State Historic Preservation Office and the National Park Service in 2016. The building is considered one of the best designed, best preserved, and most significant buildings in Central Minnesota, and is as impressive today as the morning it opened on September 9, 1889.

The recent restoration and facelift of First National Bank of St. Cloud has turned some heads. Finance & Commerce recognized the building as a Top Project of 2016 at the Minneapolis Events Center on July 26, 2017. The development team – led by Inventure Properties, LLC and Spring Hill Capital, LLC – has been honored to realize their vision of restoring one of St. Cloud’s most historically significant buildings back to its original place as a grand and vibrant hub of economic activity in the heart of our downtown.

This historic space is now home to Kensington Bank, Greater St. Cloud Development Corporation, St. Cloud Downtown Council, Initiative Foundation, Kensington Title, Keller Williams Realty, Kennedy and Graven law offices, Second Look Flood and Solutions Insurance Agency, and MC’s Dugout.

A special thank you to Boser Construction, Inc. who led the construction management, Kensington Bank for providing the financing, and to JLG Architects for their expertise in design. Thanks also to the Greater St. Cloud Development Corporation for their partnership, to the Stearns History Museum for their support, and to all the talented tradesman for their dedication to this legacy project.