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Bank Relocating to 300 Montgomery

SAN FRANCISCO-California Savings Bank leases the building's historic Bank Hall, clearing the way for the repositioning of its existing location, which it has already sold, as a flagship retail space.

By Brian K. Miller | Updated on October 26, 2006

SAN FRANCISCO-California Savings Bank has found a new home for its retail location: the historic Bank Hall at 300 Montgomery in the Financial District. The locally headquartered bank had both its administrative office and its retail branch in the same 49,000-sf building, 800 Market St., which it sold to a Los Angeles-based retail developer in September for $22.76 million.

By the time the sale of 800 Market was completed, the bank had already inked a deal to move its headquarters office space to 34,000 sf on the upper floors of 345 California St., also in the Financial District, but had yet to secure a location for its retail branch.

Originally constructed in 1922, the 8,000-sf Bank Hall, located on the north end of the ground floor of 300 Montgomery, has a classic colonnade entrance, and 55-foot ceilings. It’s not clear exactly when the bank will relocate the retail bank to the building. The bank reportedly leased back 800 Market through the end of the year.

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