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.

From 1999 up to present, the number of stockholders also continue to increase. As time went by, thru subscriptions, transfers and sales of stocks, the Bank is supported with the current stockholders which include Mr. Danilo V. Pulido, Mr. Rafael V. Pulido, Ms. Rafaela V. Pulido, Mr. Ricky Mario V. Pulido, Mrs. AsteriaAgdamag, Mr. Emilio V. Pulido, Mrs. Annabelle M. Bangalan, Mrs. Thelma M. Dela Cruz, Mrs. Vigilina C. Cocson, Mr. Abdiel A. Cac, Ms. Emilie V. Pulido, Mrs. Emma Picazo, Dr. Michael P. Asanias, Mrs. Virginia B. Pacris, Mr. Carlo A. Cachapero, Heirs of Ignacio JaoTayag, Mr. Perico V. Jao, Mr. Rodolfo V. Jao, Mr. Eulalio Pangilinan, Heirs of Alejandro Pulido Jr., Mrs. Arlene E. Pulido, Dr. Ramon M. Pagayatan, Mrs. Lilybell A. Fuertes, Mr. Salustiano M. Pulido, Ms. Ma. Angela A. Pulido, Dr. Ma. Lilia A. Aguinaldo, Ms. Christine M. Saddam, Mrs. GemySherra R. Apostol, Mrs. Jocelyn H. Angala, Mr. Donald L. Cruz, Mr. Nathaniel A. Pulido and Atty. Monica D. Canonizado.

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.

In 2016, the new Chairman of the Board is Dr. Michael P. Asanias, the new President is Mr. Alejandro M. Pulido, Jr., and the two new Independent Directors are Mrs. Virginia B. Pacris and Mr. Carlo A. Cachapero, and Mr. Rafael V. Pulido still as the Manager.

Following the untimely demise of the Mr. Alejandro M. Pulido Jr., Dr. Michael P. Asanias was appointed as the President in 2024 with Mr. Carlo A. Cachapero as the Chairman of the Board; and Mrs. Virginia B. Pacris and Mrs. Arlene E. Pulido as members. Later in November 2024, Mr. Donald L. Cruz joined as the new appointed director.

During the Annual Stockholders’ Meeting on March 22, 2025, Mrs. Virginia B. Pacris accomplished her nine-year tenure as an independent director leaving a legacy of her expertise. Appreciation for her dedicated service, valuable contributions and unwavering commitment which helped in shaping the Bank’s success and long-term sustainability was extended.

Likewise, the Board of Directors was completed via election of Mrs. Ailene Grace A. Illustrado as the new independent director. Continually, Rural Bank of Sanchez Mira (Cagayan), Inc. is led by a distinguished Board of Directors, President and Manager.

With the dedication and excellent services of the officers and staff, unending support of the stockholders, and effective and efficient leadership of the Management, Rural Bank of Sanchez Mira (Cagayan), Inc. remains growing withstanding all challenges along the way as it continues to pursue its mission and vision in uplifting lives and serving as dependable provider of credit and other value-added financial services to support economic growth in the community while being a more resilient, sustainable and established rural bank.