It’s official: Teller’s restaurant is now a thing of the past.

We reported in May that the downtown institution Teller’s, 746 Massachusetts St., was closing to undergo renovations and a change in concept from Italian-American eatery to a gastropub.

But at the time, the owners weren’t sure whether the Teller’s name would remain. Well, new chef TK Peterson and general manager Philip Wilson have announced the new restaurant will be called Merchants Pub & Plate. The name pays homage to the Merchants National Bank, which the duo says was the first tenant of the historic bank building at the corner of Eighth and Massachusetts streets.

Folks will have to wait a bit longer, though, to see what a pub and plate restaurant involves. The restaurant is still undergoing renovations, and is not set to open until mid-August.

But as you can imagine, any restaurant with pub in its name is going to have a strong emphasis on beer. The restaurant plans to have 30 beers on tap, plus wines and “craft cocktails.” (I think that means you have to knit while you drink — which is the best way to knit — but I’m not sure of that.)

As for the menu, the duo is describing it as a “new dining concept reflective of the region.” I haven’t seen a full menu for the establishment, but the announcement mentioned “locally-inspired pub fare” such as homemade pimento cheese, fried green tomato sandwiches, and grilled quail panzanella salad.

The restaurant also plans to offer something called a “Chef’s Table.” It will be a single table at the restaurant that can be reserved for one seating per night. The menu for the table will be personally designed and prepared by Peterson, previously was the chef at The Oread hotel.

The restaurant will provide samples from its menu at the Phoenix Gallery during the Final Fridays event downtown this Friday.

I know some of you have gift certificates to Teller’s and want to know if they will be honored at the new restaurant. That wasn’t mentioned in the announcement. I’m checking on it, and if I get word about it, I’ll provide an update in this space. UPDATE: I’ve heard back from a representative of the restaurant who says Merchants gladly will accept gift certificates from Teller’s.