issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources 1st valley bank news newspapers books scholar jstor free images january 2014 learn how and when to remove this template message this article relies largely or entirely upon a single source . relevant discussion may be found on the talk page . please help improve this article by introducing citations to additional sources . january 2014 this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . january 2014 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2014 learn how and when to remove this template message learn how and when to remove this template message 1st valley bank type private industry finance and insurance founded kapatagan lanao del norte philippines 1956 headquarters baroy lanao del norte philippines key people nicolas lim president and ceo products financial services net income p33 .26 million php 40 % 2006 1 number of employees unknown website www.1stvalleybank.com 1st valley bank is a development bank 3rd in terms of assets in the philippines based in baroy lanao del norte and servicing various areas in mindanao specifically the provinces of lanao del norte lanao del sur misamis occidental misamis oriental bukidnon zamboanga del norte zamboanga del sur and zamboanga 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 edit 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 . the corporate culture and mission and vision increase income by increasing market share at a lower cost leveraging on the expertise of human resources of the rural bank of kapatagan valley were since adopted by the merged institution . in 2007 the bank was one of several rural banks enabled with wireless atms . 1 references edit 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 external links edit 1st valley bank retrieved from https en.wikipedia.org w index.php title 1st valley bank & oldid 743852000 categories banks of the philippinesbanks established in 1956hidden categories articles with topics of unclear notability from january 2014all articles with topics of unclear notabilityarticles needing additional references from january 2014all articles needing additional referencesarticles lacking reliable references from january 2014all articles lacking reliable referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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