Constructed in 1924, the State Theater is an
outstanding example of Beaux Arts style architecture. At the time of its
construction the State Theater’s 6000 sq.ft. made it one of the largest
banks in St. Petersburg. Its original use as the Alexander National Bank
lasted only two years until Jacob Alexander died in December of 1926.
During 1927 the building was partially occupied by the Gregory Electric
Refrigeration Company, but by 1928 sat vacant. The building was purchased
by the Fidelity Bank and Trust Company in July of 1929. The stock market
crash in October of that same year was too much for the local economy and
the Fidelity Bank, like most St. Petersburg banks, was forced to close.
After Fidelity’s liquidation in 1931 the building was used for a
succession of small office tenants until 1949 when it was remodeled into
the State Theater.
Neel Reid was the architect who designed the original
building and was also responsible locally for the Alexander Hotel. In 1949
the building was remodeled by another notable architect, Archie Parrish of
St. Petersburg.
The facade of the State Theater is a symmetrical composition of three
bays. The bays are defined by engaged pilasters expressed as a series of
quoins above a projected watertable base topped by an ionic capital with
an attached swag. The facade is topped by a projected cornice with a
simple entablature. Above this is a parapet divided into three
corresponding bays divided by projecting pilasters. Each of the three main
bays contains a pair of ionic columns on a block base supporting a banded
arch with an engaged keystone with an acanthus motif. The space between
the sides of the three arches and the engaged pilasters is filled by a
stylized bas relief eagle. The original fenestration was removed at the
time of the 1949 remodeling when the openings at the side bays were filled
and a contemporary projecting marquis was added at the central bay above
the theater doors. A later renovation into a concert venue included the
installation of glass blocks at the two side arches.