HISTORY
The Cooperative Rural Bank of Bulacan (CRBB) was organized in May 1975 by 135 Samahang Nayon and primary cooperatives of Bulacan with the objective of carrying out and engaging in the business of extending credit to all types of cooperatives and their members.
In November 1977, its Articles of Incorporation and By-Laws were registered with the Securities and Exchange Commission (SEC) which gave the bank a legal personality. On February 10, 1978, CRBB was granted the license to operate as a rural bank by then Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) and was simultaneously granted the Authority to Accept Savings and Time Deposits. CRBB was inaugurated on February 14, 1978.
Between 1978 and 1995, CRBB operated on a very small scale with only its Head Office in Plaridel lending mainly to its members. Its clients base at that point were concentrated few, with very limited types of services.
It was between 1996 and 1998 when CRBB opened its seven (7) branches in Baliuag, Malolos, San Miguel, Pulilan, Sta. Maria, Balagtas and Bocaue, thereby gearing into much bigger and wider territories.
On March 19, 1999, the bank was granted by the Bangko Sentral ng Pilipinas the Authority to Accept and Create Demand Deposits, thereby expanding the bank’s products and services.
The BSP likewise approved in July 2006 the bank’s application to establish a microfinance-oriented branch in the City of San Jose del Monte, Bulacan. It was inaugurated on September 26, 2006.
On October 19 2007, the BSP approved the opening of five more branches in the following municipalities: Angat, Bulacan, Meycauayan, Paombong and Calumpit. The Angat Branch started its operation in January 2008 while Bulacan and Meycauayan Branch were inaugurated in February and April respectively.
The CRBB has an 11-man Board of Directors, chaired by Atty. Jacinto S. Jose, Jr. The over-all banking operation is being handled by Mr. Nestor S. Custodio, who is appointed as the General Manager and Chief Operating Officer. |
