Merchant Andrew Kerr built this structure in 1794. The Bank of the State of South Carolina operated here from 1817 to 1838: the South Western Railroad Bank moved in around 1840 at which time the granite facade was added. The architect for the remodeling may have been Nathaniel F. Potter. one of the builders of the Charleston Hotel and the principal designer of Milford Plantation.
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The top of the facade fell in the 1886 earthquake. The large granite blocks, some weighing several tons and set about 45 feet above the ground. fell 10 to 14 feet from the base of the wall. Some of the blocks struck the street with such force that they broke the water mains underground.
At the time of the earthquake, the building housed The News and Courier. which remains in publication as Charleston's oldest newspaper. It was founded in 1803 as the Charleston Courier and merged in 1872 with The News, founded ir 1866. to form The News and Courier under the ownership of B. R. Riordan and Capt. F.W. Dawson. They made it a primary advocate of New South industrialism. first expressing the catchphrase of that movement, "Bring the mills to the cotton.' Following another merger in 1992, the paper's name changed to The Post and Courier.
The building is now retail space.