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Andrew Chilberg founded the Scandinavian American Bank in The Scandinavian American Bank erected this two-story corner business block in 1902. Many new immigrant communities created banks designed to serve their own ethnic groups in the late 19th and early 20th centuries. The Scandinavian American Bank operated until the late 1920s, when the building was repurposed as a hotel. At this time, the neighborhood was filled with Scandinavian transplants working in thriving fishing and lumber businesses. According to Images of American: Early Ballard: "This building would be reincarnated as the Harvey Rooms, a notorious brothel, and later as the Starlight Hotel." (See Julie D. Pheasant-Albright, Images of American: Early Ballard, [Charleston, SC: Arcadia Publishing, 2007], p. 50.) The building housed an upholstery shop in 1975.

University of Washington Department of Architecture Professor, Folke Nyberg, and his students designated this building as "significant to the city" in a survey of Seattle's historic architecture conducted in 1975. The main office of the Scandinavian American Bank was located on the southwest corner of 1st Avenue and Yesler Way in Downtown Seattle when this Ballard branch was built.

The Ballard Inn, containing 16 guest rooms, opened in the bank building in 2011.

PCAD id: 6010