The Old German Bank architectural gem located on Main Street, suffered from a devastating fire October 2001, that essentially gutted the basement and first floor. Complicating matters, just prior to the fire it was discovered that a new parking ramp built behind the historic building caused damage to the former bank and its row of neighbors. Settling insurance and legal matters left the burned-out shell vacant for years. In 2007 Gronen Restoration purchased the property and assumed responsibility for its restoration. Dubuque Initiatives provided gap funding in the form of a low-interest loan. The building stands proudly today, fully restored, and is a fine representation of its National Register of Historic Places designate.