1903. Narrow, two-story brick Neo-Classical Revival style building with high rusticated granite foundation. Shallow two-story portico with paired Ionic columns (said to be the largest solid granite columns between Washington, DC and Atlanta) and entablature with plain freize and modillioned cornice forming triangular pediment. Around 1909 the Commercial National Bank was formed out of teh Statesville Loan and Trust Co., becoming Statesville's second national bank. In 1929, both Commercial National Bank and First National Bank each had 1% of the state's bank deposits. Commercial National Bank failed later that year. The Statesville Industrial Bank operated at this location from 1937-1966.