 On December 6, 2005, the building was added to the National Register of Historic Places as the Capital Bank Tower.The tower was originally constructed as the Olds Tower, named after the automotive industrialist, Ransom Eli Olds, who was the main financier of the tower project assisted by Edmund C. Shields of the local law firm of Thomas Shields & Silsbee.Shortly thereafter it was renamed Capital National Bank Tower, after the bank that Ransom Eli Olds helped form.