[2] The building was owned by Banco Crédito y Ahorro Ponceño which was one of the largest banking companies in the country of Puerto Rico during most of the twentieth century.

In 1991, Amor Street was converted into a promenade and renamed Paseo Antonio S. Arias Ventura, after the long-time employee of Banco Crédito y Ahorro Ponceño who started as a custodian and rose to become the bank's general manager.

[4] Built in 1924 as the main office for the expanding Banco Crédito y Ahorro Ponceño bank this building represents one of the last examples of the once popular turn-of-the-century eclectic architecture so common in Ponce after the 1918 earthquake.

This building together with the one next door it, Banco de Ponce, exemplify the effort of local financial institutions to compete with US-based banks for the wealth of Puerto Rico's booming sugar economy.

Verticality is accented by the use of colossal Corinthian pilasters, square and paired at the facades to each street and round and single at the corner.

[6] The exterior is compositionally organized in three levels: the bottom one is a base executed in the pink limestone common to this area; the central and main body is defined by the aforementioned colossal pilasters, which articulate the openings of the two main floors in three-bay modules with additional one-bay modules flanking the longer, Amor Street facade.