The credit union will take over part of the first floor, which is right next to the Civic Center.
Developer and Attorney Scott Danks says the building will also be re-named as Evansville Teachers Federal Credit Union Plaza.
The location will also have a drive-thru.
Bank officials hope to be in the building sometime this year.
Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.