On July 6, 1971, the RURAL BANK OF SANCHEZ MIRA (CAGAYAN), INC. was established. Its incorporators were Mr. Maximo M. Pulido, Mrs. Milagros V. Pulido, Mr. Danilo V. Pulido, Dr. Herman C. Asanias, Atty. Alejandro A. Pulido, Mrs. Editha M. Pulido, Mr. Agustin A. Urnos and Mrs. Remedios A. Cacatian.

The Incorporators got the opportunity to put up a Rural Bank because there was none in existence at the time in the community. The Bank was registered with the Securities and Exchange Commission on November 25, 1971 with SEC Registration No. 45926 and began its operation on March 16, 1972 with an authorized capital stock of ₱ 1,000,000.00 and paid up common stock of ₱ 100,000.00 Mr. Maximo M. Pulido, the founder was its first Chairman, President and Manager.

Initially, the bank engaged in the business of extending rural credit to small farmers and tenants and to rural industries or enterprises. But as years went by, several financial services were added like deposit services such as regular savings deposits, time deposits and gold savings deposits. It also offered a diversified loan portfolio to cater the financial needs for agricultural sector, business enterprises, industrial ventures and clean loans to government and private employees. As the bank continued with its operation, the number of stockholders increased; Mrs. Paz Agdamag, Mr. Victor Agdamag, Mr. Ignacio Jao Tayag and Mr. Eulalio Pangilinan were the stockholders who put their trust and joined the bank. Moreover, in 1989, the stockholders and employees reaped what they sow, for the Rural Bank of Sanchez Mira (Cagayan), Incorporated has been awarded as the Most Outstanding Rural Bank of the Philippines. The bank also tripled its capital stock in March 23, 1992. All of the common stock has been fully subscribed and paid-up while the preferred shares remained at a paid-up capital of ₱ 100,000.00.

Upon the death of the Bank's President and founder, Mr. Maximo M. Pulido in 1997, Mrs. Milagros M. Pulido took his place and became the new Chairman, President and Manager of the bank. During her incumbency the authorized capital quintupled, having a quadruple increase on the common shares and preferred stocks.

In 1999 up to present, the number of stockholders heightened. The stockholders were Mrs. Dahlia V. Pulido, Mrs. Rebecca A. Pobre, Mrs. Angeles Agdamag, the family of Pagalilauan, Mr. Perico V. Jao, Mr. Rodolfo V. Jao, Mr. Baldomero A. Pobre, Mr. Michael A. Abaya, Engr. Angelica Frances D. Roberto, Mr. Rafael V. Pulido, Ms. Rafaela V. Pulido, Mr. Ricky Mario V. Pulido, Mrs. Asteria Agdamag, Mr. Emilio V. Pulido, Mr. Jose T. Pajara, Mrs. Annabelle M. Bangalan, Mr. Arnold Saddam, Mrs. Myrna S. Ratuita, Mrs. Thelma M. Dela Cruz, Mrs. Vigilina C. Cocson, Mr. Rommel C. Hernandez, Mr. Abdiel A. Cac, Ms. Emilie V. Pulido, Mrs. Emma Picazo, Mrs. Elfrida J. Reyes, Mr. Roberto T. Muldong, Mrs. Loralie B. Roberto, Dr. Michael P. Asanias, Mrs. Virginia B. Pacris and Mr. Carlo A. Cachapero.

In 2007, Mrs. Milagros V. Pulido passed away, thus, Mr. Danilo V. Pulido took her place. Furthermore, in 2008, Mr. Danilo V. Pulido chairs then the five-member Board of Directors and Mr. Ricky Mario V. Pulido became as the new president and Rafael V. Pulido as the Manager. The two Independent Directors were Atty. Michael Angelo A. Abaya and Ms. Angelica Frances D. Roberto. All Directors had attended the seminar on Corporate Governance and Risk Management. Moreover in 2009, Atty. Alejandro A. Pulido became the new Chairman of the Board with Mr. Emilio V. Pulido as the new President and Mr. Rafael V. Pulido still as the Manager.

In 2011, due to the appointment of Mr. Emilio V. Pulido with the Philippine Deposit Insurance Corporation (PDIC), Mrs. Emilie A. Pulido was elected as President of the bank.

Currently, the new Chairman of the Board is Dr. Michael P. Asanias, the new President is Mr. Alejandro M. Pulido, Jr., the two new Independent Directors are Mrs. Virginia B. Pacris and Mr. Carlo A. Cachapero, and Mr. Rafael V. Pulido still as the Manager.

The continuing growth and success of the bank has not been achieved if not for the dedicated, committed and service-oriented management staff headed by the President and Manager, and Officers and Employees who are doing well their duties and responsibilities and the general membership represented by the Board of Directors who formulate the policies and guidelines that govern the smooth and honest operation of the bank.

At present, the bank in its majestic edifice at the heart of the town of Sanchez Mira, stands still continuing its mission to provide sufficient financial assistance to support economic growth in the community and stays vigilant in the realization of its vision of providing quality banking services and obtaining sustained and competitive return on investments toward economic development of the countryside to improve rural economy.