Established in 1972

Prabhas Patan, known popularly as Somnath Patan, historically named Dev Patan. This is a place of pilgrimage of the most popular Jyotirling of Lord Shiva, Somnath. While, Veraval was founded in the 13th or 14th century by Rao Veravalji Vadher, a Rajput. Veraval was once a fortified port town of the royal family of Junagadh. Today also fisheries are the main industries of this city. The India’s largest rayon manufacturing company Grasim Indus. Ltd. a flagship of Aditya Birla Group of Companies is also situated in Veraval. Gujarat Heavy Chemical Ltd. and Ambuja Cement Co. Ltd. are nearer to Veraval. The Veraval Mercantile Co-operative Bank Ltd. established in 1972 and today it is a leading UCB in the Saurashtra region. The Bank has its branch network in Gir Somnath District, Junagadh District, Rajkot District, and Jamnagar District. The Board of Directors of the bank are prominent businessmen and doctors and engaged in various social activities.
The Bank has formed its own traditional values in business practices and in serving the local and small customers. At the same time, it has adopted new technologies and advanced banking tools to add value to its services.