Like many of the buildings constructed soon after the Earthquake, the Fugazi Bank Building is faced with terra-cotta.

A.P. Giannini was a member of the bank's board of directors before founding his Bank of Italy. Giannini later took possession of the building which became the headquarters of his Transamerica Corporation, founded in 1928 as a holding company for his several financial services companies.

The Fugazi Bank Building is in the Jackson Square Historic District and is now occupied by the Church of Scientology.