Salem’s first financial institution, the former Ladd and Bush Bank, was founded in 1869 by Asahel Bush, II (1824-1913), a prominent figure in Salem’s financial and political history. (See 1880s photograph.) In 1967 the interior was renovated, the building expanded on State Street and additional cast iron decorations from the demolished Ladd and Tilton Bank of Portland were applied on the exterior. This building is designated as a Local Landmark.