1st TRuBank formerly know as Tagum Rural Bank is the first bank in the frontier of Tagum (the old name was Magugpo), then the capital of Davao del Norte. It was inaugurated on February 6, 1960. The Owner then was H.R. Lopez and Sarmiento. And since then its resources grew effectively servicing the needs of thriving residents of the community.

In July of 1981, new life was given to the bank when a group led by a seasoned banker, Mr. Reynaldo "Boy" Reyes, acquired the bank from previous stockholders, which at the time had a resource base of P1.2Million. Since then, Rural Bank of Tagum has established its rightful place in Davao Province's premier town and continues to hold its own in the banking community.