After the rule of ban Svetislav Milosavljević, Banja Luka was partially modernized city in Vrbas Banovina and Kingdom of Yugoslavia. After him on rule comes ban Bogoljub Kujundžić and during his rule this building was constructed. Building of banks and other buildings of economy value for a country that tries to be stabile in that manner was very important. Beside the crisis in that time caused by Wall Street crash on "Black Thursday" 1929 Yugoslavian rule continued to fight against that crisis and put country back on feet. In Banja Luka already some important buildings were finished during that time and some of them are: building of Hygienical Institute (today Public Healthcare Institute), City Bridge (or Patra bridge), Home of Poors ("Uboški dom") (today Secondary School Center) and so on. Also some private banks bankrupted and that was an opportunity to strong state banks.