- 1st Valley Bank
Infobox_Company
company_name = 1st Valley Bank
company_
company_type = Private
company_slogan = We nurture your success
foundation = Kapatagan,Lanao del Norte ,Philippines (1956 )
location = Baroy,Lanao del Norte ,Philippines
key_people = Nicolas Lim, President and CEO
num_employees = unknown
industry =Finance and Insurance
products =Financial Services
homepage = [http://www.1stvalleybank.com www.1stvalleybank.com]
net_income = P33.26 million PHP (profit40%) (2006 ) [http://www.mixmarket.org/medialibrary/20501.1346/1st_Valley_2006_FS.pdf]1st Valley Bank is a
rural bank in thePhilippines , based in Baroy,Lanao del Norte and servicing various areas inMindanao , specifically the provinces of Lanao del Norte,Lanao del Sur ,Misamis Occidental ,Misamis Oriental ,Zamboanga del Norte ,Zamboanga del Sur andZamboanga Sibugay .The bank's primary clientele include
small and medium enterprises and farmers in the communities served by it. Loans granted by the bank are primarily channeled to help finance the production of coconut, corn, rice and fish. The bank also provides capital and other banking services, as a co-partner of the Department of Agriculture, to small-scale commercial, industrial and agri-aqua business or diversified farming in line with the government’s program in agricultural development to uplift the socio-economic welfare of the people. The bank has also a special loan program to accommodate salaried individuals and micro entrepreneurs.History
1st Valley Bank was originally two banks: the
Rural Bank of Kapatagan Valley and theRural Bank of Sinacaban inMisamis Occidental .The Rural Bank of Kapatagan Valley was incorporated on
September 11 ,1956 and was granted an authority to operate on November 24 of the same year, becoming the Philippines' seventy-fifth rural bank, initially starting with an initial capital of forty thousand pesos. It eventually became a member of the prestigiousRural Bankers Association of the Philippines onApril 5 ,1957 .On
April 3 ,2004 , the stockholders of the Rural Bank of Kapatagan Valley approved the recommendation of its Board of Directors to consolidate with the Rural Bank of Sinacaban. OnAugust 30 ,2005 , the Securities and Exchange Commission issued the consolidated bank’s Certificate of Consolidation and the corresponding certificate of incorporation of the merged institution, by then known as 1st Valley Bank.The
Bangko Sentral ng Pilipinas granted 1st Valley Bank’s authority to operate on September 21 of that year. The corporate culture and mission and vision of the Rural Bank of Kapatagan Valley were since adopted by the merged institution.mabuhay!!!!!!!!!External links
* [http://www.1stvalleybank.com 1st Valley Bank]
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