[3][4]: 16 The building was a $200,000 structure built specifically for City National Bank at 2219 Avenue D (aka Market Street) in downtown Galveston.
[3] The Moody family also built the Medical Arts Building (1927–29), and the Jean Lafitte Hotel (1927), among the biggest structures in Galveston.
Northen assumed financial control of the Moody National Bank and was named its president in 1954.
The building suffered major destruction to its air and electrical systems caused by Hurricane Ike in 2008, after which the exhibits and artifacts were moved to the Galveston County Courthouse.
The building was listed on the National Register as part of a collection covered in a study of the city's historic resources.