"The northwest corner of the square features the most prominent and architecturally distinctive building in the district: the 1896 Farmers and Merchants Bank Building ... The Farmers and Merchants Bank is the most architecturally significant building in the district, as it is the only building that fully displayscharacteristics of high styles found in architect-designed buildings of the late Victorian Era. Stylistically eclectic, this building features elements of Romanesque Revival, Tudor Revival and Beaux Arts styles, and serves as an important landmark on a prominent corner of the square. The 2-story buff brick and stone building features an asymmetrical plan, with a chamfered corner entrance set atop a short flight of stairs, flanked by a pair of modified Corinthian columns supporting a lintel inscribed with the bank's name. The lower floor features three prominent arched windows, two of which flank the entrance on the east and south elevations. The upper floor features paired sash windows; the paired windows on the upper floor of the corner pavilion are separated by cast stone columns. A projecting stone stringcourse unifies the pavilion and west wing of the building, while the frontispiece of the chamfered corner is topped by an elaborate curved Tudor Revival gable. The bank closed in 1929, and the building never housed another bank." (United States Department of the Interior National Park ServiceNational Register of Historic Places Continuation Sheet)

In 1934, this bank was robbed by Bonnie & Clyde, a piece of history that was repeated in the film Bonnie and Clyde and which supports the annual Bonnie & Clyde festival in Pilot Point.