WORCESTER – The Romanesque-revival style building at Main and Walnut streets that was once home to Worcester Five Cents Savings Bank saw new ownership this week when a tax advisory firm took over the property deed Monday for $1.7 million.

Thomas Cunningham, the second-generation company principal of Cunningham & Associates, said the six-story building at 316 Main St. will offer more space as “demand for services continues to grow.”

The company offers tax consultancy services to small and midsized businesses out of a Shrewsbury Street location in the block to the right of Cristoforo Colombo Park.

The company of about 30 employees will renovate before moving into the Main Street building, which Cunningham said will most likely become home to the company sometime at the end of the year.

Then & Now: Worcester Five Cents Savings Bank and Day Building, Main Street, Worcester

The previous owners of the building were JNJ Realty LLC, who held ownership for five years.

The building dates to 1891 and was designed by Worcester architect Stephen C. Earle, initially sporting a steel and plate glass façade for several decades. That changed in 1949, when the current look of limestone was added to match the rest of the building.

Its namesake occupant, Worcester Five Cents Savings Bank, was a traditional bank that was established in 1854 and encouraged young people to start savings accounts early in their lives. The bank merged with the Bank of New England in 1988.

In later years, 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.

Since 2016, hookah and cigar bar Whiskey Lounge has been the tenant on the first floor. Cunningham said the bar will continue to lease from the new owners without any effects to the business.

Cunningham said the company is not looking to lease out space to more tenants.

This article originally appeared on Telegram & Gazette: Worcester Five Cents Savings Bank building sold for $1.7 million.