Our history
Mount Carmel Rural Bank, Inc. (MCRBi) is the result of the merger and consolidation of two rural banks: the Rural Bank of Mataas na Kahoy, Inc. and Lipa Public Bank, Inc. (formerly Lipa Public Savings and Loan Association, Inc.). Established on November 21, 1966, MCRBi was authorized to operate by the Bangko Sentral ng Pilipinas (BSP). It was registered with the Securities and Exchange Commission (SEC) under Registration Number 14058 on October 6, 2008, commenced operations on January 5, 2009, and has been recognized as the largest rural bank in the Province of Batangas since 2019.
The head office is at J.M. Kalaw St., Barangay 5, Lipa City, Batangas. MCRBi operates across CALABARZON, in Batangas, Cavite, Laguna, Quezon and Rizal, with seventeen (17) branches and eight (8) branch-lite units. The bank plans to expand into Region 4-B MIMAROPA and to build a presence in banking operations nationwide.
Its core offerings include regular savings, basic deposit, regular time deposit and long-term time deposit accounts, plus agricultural, personal and MSME business loans. Its primary mission is to be a catalyst for community development by extending rural credit to small farmers, tenants and deserving rural industries or enterprises, following BSP guidelines.
Over more than six decades, MCRBi has received recognitions and citations from partners and funders such as Land Bank of the Philippines, Development Bank of the Philippines, Philippine Veterans Bank, UCPB, People’s Credit and Finance Corporation, Small Business Corporation and RCBC for its microfinance program. Since 2020 it has also been one of the largest fund recipients of the DA Agricultural Credit Policy Council (DA-ACPC) in CALABARZON.
