The Citizen Co-operative Bank Ltd., Goa was promoted in the year 1984 by the leader of masses, late Shri Gajanan Patil, a trade union leader and a then member of the legislative assembly of Goa and Dr. Baban Parulekar with the active support of well known personalities of Vasco namely Shri John Manuel Vaz, Shri Shaikh Mohamed Ahmed, Shri Madhav N. Kamat, Shri Mauvin Godinho, Shri Madhav Dhargalkar, Shri S. G. Hegde, Shri S. K. Dicholkar and others, for the benefit of the economically weaker sections of the society and to help the youth to be self-employed as well as to fund small businesses.

The bank's growth was hindered by various restrictions imposed by regulators in the matter of area of operation, opening of Branches, etc. It successfully faced all the challenges and is standing tall with its area of operation extended to the entire State of Goa. Managed by highly dedicated team of well qualified, experienced Directors and actively supported by qualified and enthusiastic Officers and Staff, the Bank is marching forward to reach new heights.