The building was built at the end of the 19th century, with a klinker brick facade, after the project of the Cluj architect Frigyes Maetz and it’s an integral part of the architectural ensemble in Avram Iancu Square – along with the Palace of Justice, the Orthodox Metropolitan Palace and the Regional Palace of CFR.
A peculiarity of this building is the fact that, since its construction until now, it has kept its destination as headquarters of the Cluj financial administration.