The current
Neoclassical library building was built by James G. Yeats in 1926 and served as the First Bank of Port Tampa. It closed in 1933 after suffering through the
stock market crash of 1929, and Mr. Yeats passed away in the same year. In the following years it housed a grocery store, a health clinic, a flight school, and a boutique. In 1993 the Women's Club began a funding drive to save the old bank building, which had been vacant for many years, after members noticed a demolition notice attached to it. By 1994 the building was made a historic landmark, and the Club eventually raised $5,000 to help save it. That money was given to the Friends of the Port Tampa City Library. In 1998 the 5,700-square-foot building reopened as the Port Tampa City Library, with a grand opening ceremony on June 14, 1998 —
Flag Day — and the centennial of the embarkation from Port Tampa for
Cuba bound troops in the
Spanish–American War. The ceremony included a ceremonial "Passage of the Book", in which the very last book to be moved from the old building to the new one was passed along by community members until reaching its final destination. ==Design==