1st Valley Bank

January 2014 January 2014 January 2014 1st Valley Bank 1st Valley Bank - A Development Bank (logo).png Private Kapatagan, Lanao del Norte, Philippines (1956) 1VB Business Center, Vamenta Blvd. Cor. Lirio St. Carmen, Cagayan de Oro, Philippines 86 branches (2024) 60 ATMs (2024) Atty. Nicolas J. Lim (Chairman)Nicolette Lim-Gica, (president and CEO) 789https://www.1stvalleybank.com.ph/annualreport/1VB_AR2024%202.pdf 1ST VALLEY BANK INC A DEVELOPMENT BANK - 2024 Annual Report 2024 August 31, 2025 August 31, 2025 https://web.archive.org/web/20250831040819/https://www.1stvalleybank.com.ph/annualreport/1VB_AR2024%202.pdf Finance and insurance Financial services ₱14.88 billion $260.68 million (31 March 2025)https://www.bsp.gov.ph/Statistics/Financial%20Statements/Thrift/1ST%20VALLEY%20BANK%20INC%20A%20DEVELOPMENT%20BANK.aspx 1ST VALLEY BANK INC A DEVELOPMENT BANK - Published Balance Sheet - 31 March 2025 2025 August 31, 2025 August 31, 2025 https://web.archive.org/web/20250831035628/https://www.bsp.gov.ph/Statistics/Financial%20Statements/Thrift/1ST%20VALLEY%20BANK%20INC%20A%20DEVELOPMENT%20BANK.aspx 1st Valley Bank is a thrift bank in the Philippines, based in Cagayan de Oro City, Misamis Oriental and servicing various areas in Visayas and Mindanao. 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 thumb|Former logo as a rural bank until 2013 1st Valley Bank was originally two banks: the Rural Bank of Kapatagan Valley and the Rural Bank of Sinacaban in Misamis 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 prestigious Rural Bankers Association of the Philippines on April 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. On August 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. In 2007 the bank was one of several rural banks enabled with wireless ATMs.Philippine Daily Inquirer - Mar 19, 2007 Rural Banks Get Enabled With Wireless "A recent contract signing with 1st Valley Bank, Bank, Bangko Kabayan and the Bank of Florida marked a milestone in Philippine microfinance, enabling far-flung References Category:Banks of the Philippines Category:Banks established in 1956 Category:1956 establishments in the Philippines