The 9-story, 1.5 million dollar United Bank Building opened in 1925 as the tallest and largest commercial building on Cleveland's west side. It was one of the last of a series of classical bank buildings constructed in Cleveland during the 1910s and 1920s, a golden age for the city's banking industry. The selection of Cleveland in 1914 as one of twelve cities to house a branch of the new Federal Reserve Bank helped fuel this growth, as did the city's emergence as a major industrial center around the turn of the 20th-century. Many of the city's banks, however, did not make it through the stock market crash of October 1929 and the subsequent Great Depression. The United Banking & Trust Company, founded on Cleveland's west side in the 1880s, was a victim of the crash, and it merged with Central National Bank just a month afterwards in November 1929
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