An idea was mooted by eminent local businessmen, industrialists, professionals and others to start a co-operative bank in Rajkot, in the second half of decade of seventy, to serve the small and medium business/industries/other priority sectors, to give momentum to Co-operative Sector in Rajkot led by Shri Ashwinbhai Mehta, Accordingly registration was obtained under the name "Citizens Co-operative Bank Ltd." in the year 1975.

The Bank was registered on 24/04/1975 vide registration No.6123/1975; with Authorized Share Capital of Rs. 10.00/- lakhs. At present the Authorized Share Capital of the Bank is Rs. 1500.00/- lakhs. The Bank got Reserve Bank of India permission on 08/06/1976 vide license No. ACD/0076/P and commenced its Banking operations from 26/07/1976.

The Bank developed its business and spread its wings by opening 5 other Branches in Rajkot and one Branch each in outstation at Dhoraji, Morbi, Bhavnagar and Ahmedabad. Thus, the Bank has total 9 Branches having full infrastructure facilities, fully computerized with Core Banking Solution and customized services to a huge mass of public, having more than 61000 various types of deposit accounts. Eminent persons and professionals, businessman are members in the Board of Bank.

The Share Capital, Reserves, Deposit, Advances, Profit network is showing increasing trends since inception of the Bank as against the NPA advances are showing declining trend and it is a 0 % Net NPA Bank since 31/03/2009. The Bank forged ahead successfully owing to its transparent administration, positive attitude, dedication, team work, has led the Bank for its improved and excellent performance in all parameters of banking activities.

The Bank has entered into insurance business on Corporate agency basis for obtaining general insurance of Stocks/ Machinery/ Factory Building/ Shops/ Houses/ Etc,. The Bank is running successfully since last over 3 decades and earned a name and fame in Saurashtra. The Bank has safe Deposit Locker facilities at 5 Branches and offering various types of services to its clients including RTGS/NEFT, online E-payment, Sms Banking, and Internet Banking(Web Based Report),ATM Debit Card etc, as also other social services like organizing cricket camp for upcoming boys of age upto 16 years since last 25 years, other activities of bank including organizing / participating in sports event by the members of staff inter bank tournament of sports like cricket, carom, etc.