HISTORICAL BACKGROUND

Established on March 10, 1966 with a modest capital of P200,000 from the Beltran, Alcid and Seriña family led by its founder the late Col. Alejandro G. Beltran Sr. of Talisayan, Misamis Oriental

From the traditional agricultural lending assistance to farmers, fisher folks, and employees of government and private sectors, RBT ventured into microfinance banking in 1998 extending loans to small and micro entrepreneurs particularly, women in partnership with the PCFC.   It replicates the Grameen banking approach coupled with MABS technical assistance for individual lending.

RBT has grown into a full-pledged microfinance provider covering two (2) cities and 18 municipalities in Misamis Oriental and Camiguin provinces.   As of Decemeber 31, 2006 RBT has already served 34,035 depositors from various savings products of the bank and 13,970 small borrowers.

The average age of more than 100 officers and field staff is 25 years old led by its Chairman CHRISTOPHER C. BELTRAN and JONATHAN C. BELTRAN as Vice Chairman in their early 40s, who are also business practitioners in Manila.   Most of its field force who are serving as account officers for both savings and credit are women who are fresh graduates from prestigious universities and colleges in Cagayan de Oro City and Misamis Oriental. The Board and Management is also backed up by experience managers in the field of Rural and Commercial Banking, Cooperative management and life insurance operation. Full of idealism and commitment, they serve the economically challenged individuals and families in the countryside and those in the far-flung areas of indigenous communities.

The bank also regularly conducts free medical check up for clients during annual anniversaries of the main office and branches, providing medicines to poor and deserving clients.   The senior citizens were also supported through the leadership of a lady member of the board the late Director Gregoria Go Beltran who travels regularly from Manila to supervise in giving assistance to the members. A foundation was named after her to continue the needed services for the senior citizens in Talisayan, the Gregoria Go Beltran Memorial Foundation.

Within four decades of banking with the community, other organizations were created purposely to support the vision and mission of the bank. On November 20, 2006 the Rural Bank of Talisayan MSO - Mutually Supporting Organization was formally organized as an Advisory Council represented by four organizations namely; Rural Bank of Talisayan, AGB Sr. Development Foundation, Rural Bank of Talisayan Employees MP Cooperative, and RBT Mutual Benefit Association.

The MSO is an innovative management model which seeks to balance between profit and corporate social responsibility, combining the best of not for profit “Philanthropic World” with the best for profit “Entrepreneurial World” advocating Spirituality at Workplace, promoting Shareholders Value and Wholistic development of the communities.

With the MSO operation, Rural Bank of Talisayan is adopting a wholistic development as the flagship program in the field of economics, social, spiritual and cultural uplift of clients.   In partnership with AGB Development Foundation, the bank is now financing various livelihood projects of clients like banana production, organic fertilizer, charcoal briquette making and solar lighting for upland client not reached by electricity.

Rural Bank of Talisayan will be going nationwide in the near future.   This will be hastened through the opening of R.B.T.-MBA and AGB Development Foundation in Quezon City.   The board has approved to open its ownership to like minded persons who believe in the vision and mission of the bank and embrace the wholistic upliftment of the communities through unified and cohesive operation.