The story of our formation is one which we love to share with our customers.
On the occasion on the tenth anniversary of his enstoolment in 1981, Nana Otuo Siriboe II promised the people of Juaben the following projects, among others to enhance the socio-economic development of the town, a Rural Bank, a Modern Market, Tarring of the town road etc.An Interim Management team under Nana’s chairmanship was subsequently set up to prosecute the Rural Bank agenda. The team included the late Kontihene, Nana Yiadom Boakye I, the late Nkosuohene, Nana Awuah Darko Ampem I, who later became the first chairman of the Bank, the late Professor Adu Boahen, the late Emmanuel Otchere, the late Akyeamehene, Nana Osei Yaw.
To ensure that as many of his people became shareholders of the Bank, Nana Otuo Siriboe II personally travelled to the villages of Abetinim, Ofoase, Nkyerepoaso, Odoyefe, Kokodie, Krofrom, Abesewase, Apemso, Atia, Kubease, New Koforidua, Nobewam, Bomfa, Adumasa, Boamadumase, Duapompo and Domakwai to invite all to subscribe to the shares, the minimum value of which was one old cedi now GH¢0.0001. The appeal was enthusiastically received and the shares were massively subscribed.
Nana was poised to bring this dream to life at the beginning of 1984, but had to put it off because the premises the Bank was to operate from was pronounced by the Bank of Ghana not to be sufficiently secured for Banking operations. Faced with this dilemma, Nana and his team decided to put up their own premises for the exclusive use of the Bank. Nana organized a special harvest under the aegis of the Town Development Committee to raise funds for the building project.After the Bank of Ghana had approved the building plan, the team started the construction in earnest, supplemented by communal labour. Within six months period, the structure was ready for use.
On 1st October 1984, Juaben Rural Bank Ltd. became the First Rural Bank in Ghana to start business in its own premises! Nana was convinced that, one day the Bank would outgrow this structure and therefore allocated the six adjoining plots to it for future expansion. Nana’s dream has been fulfilled as the area allocated is now filled up with the magnificent state of the art new Head Office Building complex.
We thank you Nana, for the immense role you played in making this Bank a fortress to contend with in the Rural/Community Banking Industry. On the premise of a popular Asian proverb which says “Building a castle is difficult. Defending and maintaining it is harder still”, we promise to work harder to sustain this business for the benefit of the generation unborn.
Long live Nana Otuo Siriboe II, Long Live Juaben Rural Bank Ltd.