The photograph shows a busy street scene of Rangitikei Street in the 1920s. In the middle of the photograph is Palmerston North's first Bank of New Zealand. It was situated on the corner of Fitzherbert Avenue and The Square. In 1914-15 this building was built on the site of the old Royal Hotel, on the opposite side of The Square. In 1988 it was demolished and a new Bank of New Zealand was again constructed on this site. The site is now an office building.