Bam Microfinance Bank Plc. Is licensed by the Central Bank of Nigeria (CBN) and regulated by Nigerian Deposit Insurance Corporation (NDIC) to operate as Microfinance Bank with focus on financial inclusion rate, improvement in access to financial services for the active rural poor and to pursue poverty eradication among others in the country.

The bank was commissioned by His Excellency, the executive Governor of Benue state, Rt. Hon. (Dr.) Gabriel T. Suswan on Thursday October 23, 2008.

Bam Microfinance Bank which was licensed to carry on business as a Unit Microfinance Bank was later upgraded to a State Status having conveniently fulfilled requirements stipulated by the Central Bank of Nigeria and has successfully establish two more branches at POWA International Market Nyanya and Gwarimpa Ultra-Modern Plaza Kado-Life camp in addition to the Head Office in Garki.