Jomoro Rural Bank Ltd was established on 13th November 1981 after it had been authorized by the Bank of Ghana to carry on the business of banking under the then banking Act, 1970 (Act 339). Since its incorporation in 1981, the bank has made a lot of impact on the lives of people in its operational areas and beyond.

The objectives for establishing the bank were to provide current, savings and fixed deposit accounts to its customers; act as agent for other financial institutions in the country; accept securities for safe keeping, act as executors or trustees of wills of small farmers and small merchants; provide finance for small scale farmers, merchants, industrialists and co-operatives within the district; and to engage in other commercial and or industrial enterprises in the bank’s catchment area.