In 1860 Alexander II issued a decree established the State Bank. In 1864, in Kazan was opened one of the first units of the Bank. The first room of the State Bank was in the Kremlin. Opening in Kazan division was testimony to the great value of the Kazan province in the economy of Central Russia. In the pre-revolutionary period, Kazan branch of the state Bank actively developed. The Bank was led by a galaxy of great managers. All nine governors had an excellent education, were good organizers. They were honored with the highest awards.

In 1911, in St. Petersburg it was decided to build a new building of the Kazan branch of the state Bank. The city authorities was allocated for construction. It was decided to build a building on CIT'y street (now Bauman street), in downtown. In place of the future building was the second male high school. Two-storey stone house was demolished. Several neighboring houses were purchased and demolished by the state Bank. Under the project, the building had to be symmetrical with two identical wings. But because of the intransigence of one of the owners nearby, demolished, buildings, the project had to be redone. The building turned out to be asymmetrical, with one of the left wing.

Design and build building teams of specialists: architects F. P. Gavrilov and A. G. Sapunov, engineer Trifonov. The building was constructed in 1914 and 1915 in the neoclassical style of the period of eclecticism. Built of local stones (limestone and dolomite. The building has a beautiful exterior and interior finish. Its architecture was of good taste and strict forms.

Tenth caretaker was state Councilor Marin. It was during his leadership there was a revolution. Marin is famous for heroically saving the country's gold reserves, which were stored in the Kazan branch of the State Bank. He's been trusted with valuables seized the Czechs. He personally, being disabled, missing a leg, was accompanied by a train of gold through the backs of the civil war – through the whole of Siberia. In may 1920, all the gold safely returned to Kazan.

Currently the building has been restored and it houses the national Bank of the Republic of Tatarstan.