The Rural Bank of Barili (Cebu), Inc. was organized on September 21, 1970 by its founder, the late Mr. Teotimo A. Abellana. The operation started on March 3, 1971. The principal office is located at Corner H. Alquizola and C. Alquizola Streets, Poblacion, Barili, Cebu. The main objective is to carry and engage in the business of extending loans to rural industries or enterprises; to have and exercise all authority and powers, to do and perform all acts. The term of existence is 50 years from and after the date of incorporation.
Rural Bank of Barili (Cebu), Inc. has an initial capital of 200,000.00. Today, the bank operates a total resources amounting to 1.2 billion and has eight (8) branch offices. Seven (7) branches are located in Cebu, and one (1) branch office is located in Poblacion, Sibulan, Negros Oriental. The first one is located in Dumanjug, Cebu which was opened last Sept. 22, 1993; second, is in Moalboal, Cebu, which was opened last Oct. 17, 1994; third, is in Carcar, Cebu, which was opened last October 10, 1995; fourth, is in San Fernando, Cebu which was opened last March 31, 2000, fifth, is located in Santander, Cebu, which was opened last Jan. 10, 2006, sixth, is located in Lawaan, Talisay City which was opened last June 01, 2010, seventh, is located in Toledo City which was opened last May 03, 2011 and eight, is located in Poblacion, Sibulan, Negros Oriental which was opened last July 01, 2011. The total working force of nine (9) offices including the head office is 78.
Due to its satisfactory performance, the Rural Bank of Barili (Cebu), Inc. received an award as one of the most outstanding Rural Bank in Region VII in the year 1983. In 1986, the bank received a plaque of distinction from Bangko Sentral ng Pilipinas. And from 1987 to 1989 this Rural Bank received an achievement award. The President is Mr. Teotimo Carlos P. Abellana Jr. and the Chairman of the Board is Mrs. Agnes A. Lacson, son and daughter of the late Mr. Teotimo P. Abellana, the founder.
As a Rural Bank, Rural Bank of Barili (Cebu), Inc. is operating under the authority of the Bangko Sentral ng Pilipinas (BSP).