The bank quickly gained importance as it became the financial center of the North American sugar estates in the Arecibo region.

Banks in Puerto Rico helped keep sugar as the main line of the economy through direct financing of the sugarcane industry until 1950.

This building represents the transition between the Spanish Neoclassical period and the new Baroque architectural movement that was already widespread in the United States for the first decade of the 20th century.

The use of the pediment and the decorative moldings around the doors contrast sharply with the austerity representative of the Spanish Neoclassical period.

This article about a property in Puerto Rico on the National Register of Historic Places is a stub.