This former bank building was contructed for the Union Bank of Australia in 1863-64 to the design of architect Leonard Terry. It replaced an earlier building that operated from 1857. The Union Bank disposed of the building in 1951 when it merged with the Bank of Australasia.Double storey bank building. The ground floor facade is designed as a five bay colonnade of engaged Doric columns, a motif repeated above using Corinthian columns to support the balustraded parapet. plaque: 1857-1957 This tablet commemorates the opening on 1st July 1857 of the Ballarat Branch of the Union Bank of Australia Limited. These premises housed the branch until 30th September 1951 when the Union Bank of Australia Limited was merged with the Bank of Australasia to form Australia and New Zealand Bank Limited. union bank of australasia, lydiard street south, ballarat, australa and new zealand bank limited, anz, ballarat branch of the union banl of australasia