Finally, Othón P. Blanco officially founded the new town, on 5 May 1898, with neighbors from Corozal and other parts of the peninsula and gave it the name "Payo Obispo"', as the region was already known. On the origin of this name it is mentioned that it comes from Fray Payo Enríquez de Rivera, who was Archbishop of Mexico and Viceroy of New Spain, but that when he was Bishop of Guatemala he came to pay a visit to Bacalar, landing at the point that received his name.