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Worcester Five Cents Savings Bank and Day Building, Main Street, Worcester

George Barnes
The Worcester Five Cents Savings Bank Building and the Day Building on Main Street, Worcester. This photo was taken Thursday from the second floor of Mechanics Hall, across Main Street, the same vantage point that a photographer used more than a century ago. [T&G Staff/Rick Cinclair]

The Worcester Five Cents Savings Bank and the Day Building have been a part of downtown Worcester for more than 120 years.

The bank, a Romanesque-revival style building designed by Worcester architect Stephen Earle, was built first, in 1891. It served as a traditional bank and encouraged young people to start savings accounts early in their lives. It had a steel and plate glass facade, which was changed in 1949 to limestone to match the rest of the building. The building also served as home to Merchants and Farmers Mutual Fire Insurance Co. It was placed on the National Register of Historic Places in 1978.

Today it no longer serves as a bank, but as a hat tip to its history, it is known as the Vault Professional Office Building. It is home to GIA Home Care Services. You can also stop drink a little whiskey and smoke your favorite cigar at a place called Whiskey at the corner of Walnut Street.

The Day Building, which almost appears to be an extension of the bank building, was filled for many years with a variety of stores. In the early days Buffington Pharmacy occupied a good part of the second floor. At the street level, Sanford-Sawtelle Co. sold both books for reading and books for keeping records. Next to it, M. Steinert & Sons sold top-quality pianos, including high-end Steinways. The company opened for business in Worcester in 1872, moving to the Day Building after it was built in the late 1800s. In 2009, slow sales of even the Steinways led the company to close its Worcester store.

The building was also home to the Iver Johnson Co., which was known for two unrelated products. The company was a gun and bicycle manufacturer with roots in both Worcester and Fitchburg.

In 1980, the former bank building and the Day Building were included in the Mechanics Hall historic district.

The two buildings were once part of a nearly unbroken line of retail and office buildings, several of which were removed and are now a parking lot serving the Worcester Trial Court and the Palladium.

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