Aimed at improving the socio-economic status of the people, Cooperative Bank of Nueva Vizcaya (CBNV), the former Samahang Nayon Cooperative Rural Bank of Nueva Vizcaya, Inc. was conceived as early as 1974. It was made possible when thirty(30) Samahang Nayons and two full pledge cooperative, the Nueva Vizcaya Area Marketing Cooperative (AMC) and the Cagayan Valley Development Cooperative (CAVADECO) pooled their hard-earned resources and savings to come up with initial capitalization of P230,000.00 and this gradually increased to P430,000.00 to meet the capital requirements for rural bank to operate as per regulation of the Central Bank of the Philippines.