This bank was extablished by the people from the Ahmednagar Dist.in the name of "The Ahmednagar Sahakari Bank Ltd." on 6th October 1973. Solicitor Shri. G.S. Shelke and his collegues were the motivating force behind the establishment of this bank. Mr.G.S. Shelke became the first Chairman, Mr.G.A. Thube, the first Vice-Chairman, Mr. S. S. Bhagar, the first Secretary.