The 20-storey Royal Bank Building, located on the northeast corner of Yonge and King Streets, was completed in 1915 and designed by the architectural firm Ross and Macdonald. The City of Toronto designated the building under the Ontario Heritage Act in 1976. The building is also known by its municipal address, 2 King Street East.
The 12-storey Royal Bank Building, located at 20 King Street between Yonge and Bay Streets, served as the bank's Toronto offices until the Royal Bank Plaza was completed in 1977. It is still one of several buildings in Toronto's downtown core occupied by the Royal Bank. Construction on the building commenced with the laying of the cornerstone by then Royal Bank of Canada Chairman James Allan in 1964.