In early 1962, Dr. Ricardo C. Villamil, President and General Manager of the Rural Bank of Dagupan City, thought of a brilliant idea for his friend and colleague Dr. Vicente B. Jimenez, a medical practitioner himself, to establish a bank in the latter’s hometown of Mangaldan, Pangasinan. Dr. Jimenez had no experience or knowledge on banking and finance and it took some time for Dr. Villamil to encourage, persuade, cajole, motivate and inspire his fellow doctor until such time that the latter decided to give it a try.
It was a leap of faith for Dr. Jimenez to establish what will later become an iconic banking institution in Mangaldan. The group of incorporators was composed of Dr. Vicente B. Jimenez, Mrs. Josefina Villamil, Atty. Ludovico Magno, Mr. Rafael D. Magno and Mr. Ponciano Aquino.
It was on October 19, 1963 that the Rural Bank of Mangaldan was formally inaugurated.
We believe that a bank is built on trust, not money. Our Clients are therefore foremost in our minds.
We believe that national development starts with the prospect of local economies. Our Bank shall be in the forefront to serve with economic development in our sights.
Competence to serve is our trademark. We are a service-driven organization, managed by honest, talented and professional staff whose paramount aim is to be the best in the service of our clients.
Quality service is what we must therefore provide, through constant training, careful management of our systems and strategies to meet or even exceed the expectations of our clientele.
We can achieve all these through teamwork; and we shall strive at all times to work hand in hand putting our whole hearts and minds in the interest of everyone.
The humble carabao, revered for its significance in producing 'pindang' or carabao tapa, stands as an enduring symbol of the town's famed culinary tradition. Yet, beyond its gastronomic importance, the carabao holds a deeper meaning as a poignant reminder of the Bank's modest origins. Rooted in humility and hard work, the carabao embodies the values of perseverance and resilience that propelled the Bank from its humble beginnings to its present stature. In its simplicity, the carabao encapsulates the Bank's journey and serves as a timeless emblem of its unwavering commitment to growth and community development.
A bolo, symbolizing one of Mangaldan's primary industry, epitomizes the artistry and craftsmanship of bolo making in the town. Each blade is meticulously crafted, reflecting the heritage and expertise passed down through generations. These bolos not only serve as essential tools but also represent the pride and tradition of Mangaldan's skilled artisans, showcasing the town's rich cultural legacy and economic vitality during its heyday of bolo production.
