The Community Rural Bank of Dingras, Inc. established in Dingras, Ilocos Norte through the group of Maria R. Puruganan and was registered in the Securities and Exchange Commission on August 22, 1974 under SEC Registration No. 00057533 with authorized capital of One Million Pesos (P1,000,000.00) divided into five thousand (5,000) shares of common stock and five thousand (5,000) shares of preferred stock both at par value of one hundred (P100.00) pesos each. The bank started operations on October 12, 1974.Pursuant to the banking laws of the Philippines regulated by the Bangko Sentral ng Pilipinas, the Community Rural Bank of Dingras, Inc. registered as member of the Philippine Deposit Insurance Corporation (PDIC) on October 1974, and member of the Rural Bankers Association of the Philippines on October 1974.In conformity of the Rural Banks' Act (Republic Act No. 720, as amended), Section 9 of the General Banking Act (Republic Act No. 337, as amended), and Monetary Board Resolution No. 1638 dated September 24, 1968, the Articles of Incorporation of the Community Rural Bank of Dingras, Inc. was approved by the Monetary Board of the Central Bank of the Philippines in its Resolution No. 1476 dated July 12, 1974.The Rural Bank Act (Republic Act No. 720, as amended), Section 10 of the General Banking Act (Republic Act No. 337, as amended), and Monetary Board Resolution No. 1638 dated September 24, 1968, the Code of By-Laws of the Community Rural Bank of Dingras, Inc. was approved in accordance with the provisions of Section 20 of the Corporation Law (Act No. 1459, as amended) dated November 13, 1974.By virtue of BIR Registration No. 7168, the Community Rural Bank of Dingras, Inc. was registered in the Department of Finance Bureau of Internal Revenue District Office I dated July 23, 1975