Rural Bank of Bagabag (N.V.), Inc.
In 1965, Retired Naval Captain Jose P. Castillo and his wife purchased a citrus plantation in Sta. Lucia, Bagabag, Nueva Vizcaya, and a lot in Diadi, Nueva Vizcaya. Needing more capital with which to develop these landholdings, Capt. Castillo thought of borrowing from a bank, with the titles of the lots as collateral.
Capt. Castillo found out the nearest bank was 20 kilometers away in Bayombong. No bank, government-owned, or private lending company, could be found in northern Nueva Vizcaya, from Solano to Maddela.
“Why don’t you put up one?” was the challenge presented to him.
Capt. Castillo urged some close relatives and acquaintances to help him establish a rural bank.
The Rural Bank of Bagabag (N.V.), Inc. was registered with the Securities and Exchange Commission (SEC) on July 29, 1968, and started its operation on August 24, 1968, with the primary aim of promoting countryside development through the extension of credit, and other banking services.
The rural bank remained steadfast, an edifice anchored on solid foundation.
The Bank expanded its services and four branches were established in Lamut (1994) and Alfonso Lista (1998), in the Ifugao Province, and in Diadi (2007) and Villaverde (2009), in Nueva Vizcaya.
On August 24, 2018, RB Bagabag celebrated its 50th Year-Golden Anniversary of its operation. Inspired by the motto Your Progress, Our Success, the bank renews its commitment to its clients and to the public, that it will continue to uphold its legacy of working for the improvement and development of the countryside by offering consistent quality and excellent financial and banking services.
What we stand for
VISION
Ro be the most trusted Rural Bank that provides quality financial services throughout the province.
MISSION
We are a trusted Rural Bank who helps our clients in the countryside communities to achieve financial stability through our excellent.