The key promoters of the bank were the late Major (Rtd) Samuel Boadi Gyasi, one time Managing Director of the Produce Buying Company (PBC). He together with the late Chief of Nankese Nana Ayim Gyasi II, the late Nana Adarkwa Yiadom Odikro of Nankese, the late Mr. Godfred Daniel Asante and Mr. Benjamine Atta Koranteng promoted the bank. Some of the initial directors were Mr. M. N. A. Afrifa-Gyasi, the late Chief Farmer of Nankese Nana Kwabena Donkor Yirenkyi, late Mr. F, N, Gyasi, Mr. A. B. Asante, Mr. George Diabene Agyakwa and Mr. Adams Henaku (Rep. of the Bank of Ghana). These people together with many shareholders helped to establish the bank.