The Second Bank of the United States was closed during Noble's first term, leaving the state without a bank to hold government deposits or to supply paper money. There had been no banks operating in Indiana for a decade, so with no alternative to the situation the General Assembly passed a bill to create the Bank of Indiana. Noble had not taken a position on the bill, but signed it into law. The bank eventually turned out to be very profitable and one of the most important acts of his time in office. Noble also oversaw the creation of plans to build Indiana's third statehouse in 1831. The building was completed in 1835, and he also oversaw the move of the government's offices.