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Established in 1960, Rizal Development Bank started as a small development bank in the humble province of Rizal. It received the Central Bank's approval to operate as a commercial bank in December 1962, and commenced operations under its present name in January 1963. With the inauguration of its mother office at 219 Buendia Avenue (then part of Rizal), Rizal Development Bank officially became the first commercial bank to ever establish its head office in that province and renamed to Rizal Commercial Banking Corp (RCBC).

Judging by its spontaneous growth from Manila to Mindanao, it can be said that RCBC had a fruitful maiden year. It was already out of the red after less than two months of operations, constantly propelled by its vision of joining the ranks of industry leaders; building a strong and established brand among consumers; and delivering quality service to clients as it provides the best returns to stockholders. Further solidifying its growth was RCBC's partnership with two foreign banks in the '70s -- one in America, and the other in Japan.

These critical collaborations were designed to strengthen the bank's international network. With such measures in place, the company soon passed the P1 billion mark in total resources in 1973 and hit the P2 billion mark three years later. The bank never stopped growing since.