Mount Carmel Rural Bank, Inc (MCRBI) is a product of the merger and consolidation of two (2) rural banks, namely, Rural Bank of Mataas na Kahoy, Inc. and Lipa Public Bank, Inc. (A Rural Bank), formerly Lipa Public Savings and Loan Association, Inc. established and was given the authority to operate by then Central bank of the Philippines (now Bangko Sentral ng Pilipinas) on November 21, 1966.

MCRBI was registered with the Securities and Exchange Commission (SEC) under Registration Number 14058 on October 6, 2008. It started its operations on January 5, 2009 and is recognized as the largest rural bank in the Province of Batangas since 2019.

MCRBI’s head office is located at J.M. Kalaw St., Barangay 5, Lipa City, Batangas. Currently, MCRBI operates in the provinces of Batangas, Cavite, Laguna and Quezon with fifteen (15) branches and six (6) branch-lite offices.

MCRBI’s primary purposes are to a) carry and engage in the business of extending rural credit to small farmers and tenants and to deserving rural industries or enterprises; b) do all other things inherent thereto and necessary and proper in connection with said purpose within such territory, as may be determined by the Bangko Sentral ng Pilipinas (BSP).

MCRBI’s major businesses cover deposits such as regular savings, basic deposit, regular time deposit and long-term time deposit; loan products such as agricultural loans, personal loans, and business loans for Micro, Small and Medium Enterprises (MSMEs).

MCRBI provides an excellent customer experience in line with its brand’s promise as the “Ka-Partner mo sa Pag-Asenso”, stemming from a full understanding of clients’ needs and providing solutions in a specialized, problem-free, personalized and prompt manner. It shall continuously pursue to be the “Preferred Rural Bank in CALABARZON” manifested by the growth in portfolio both in terms of loans and deposits and high retention rate of clients.

For the past 13 years, the Bank has received numerous recognitions, awards and citations from its partners and funders such as Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP), Philippines Veterans Bank (PVB), United Coconut Planters Bank (UCPB), People’s Credit and Finance Corporation (PCFC), Small Business Corporation (SBC), Rizal Commercial Bank Corporation (RCBC) for the effective implementation of its microfinance program.

Since 2020, the Bank is one of the largest fund recipients of the Department of Agriculture- Agricultural Credit Policy Council (DA-ACPC) in the CALABARZON region for its various programs intended to provide financial and capacity building assistance to both small farmers, fisherfolk, agricultural and fishery-based entrepreneurs in the region.