The Jalgaon Peoples Co-operative Bank Ltd. was incepted in 1933 in Jalgaon under the leadership of, Late Shri Raosaheb Rupchand Lathi, Shri S.V.Deshpande & Shri Mishrilalji Joshi. The main motive behind this inception was to cater the needs of the common man. It was only under the able leadership of Shri Kakasaheb Ramdas Lahanu Patil (Vice President) in 1948 that the bank gained its operational momentum and created an impact on peoples’ minds. 

In 1969, Late Shri Yashwantrao Patil (Chairman) extended the bank's areas of operation & new branches were setup at Ring Road, Asoda, Bhadli, Nashirabad. But it was in 1984 that the bank established a firm footing and got recognized as a dependable peoples' bank. Late Shri Appasaheb Prabhakar Ramdas Patil, the chairman during this period, was a man with a vision and he led the bank through a technological and professional restructuring, eventually providing better services to the customers.

In 1994 the bank celebrated its Diamond Jubilee under the leadership of Late Shri Appasaheb Patil which was eventually passed on to Shri Babulal Ramlal Choube. During their tenure they both acquainted the customers & staff members to professionalism in banking operations and helped the bank triumph a One Crore net profit, first time ever in the bank's history till then. 

The young and dynamic Shri.Balasaheb Purushottam Yashwant Patil took over the reigns as the Chairman of the Bank in 1996. It was during his tenure that the bank started its own IT Department and all the branches were connected by Radio Frequency eventually facilitating anywhere banking to the customers. The bank installed the first-ever Bio-ATM in the country and also implemented its self-developed software for Core Banking Solutions called "Yashwant" in all the branches. The Bank was also rewarded as Grade-I Bank by the RBI authorities.

In 2006, Shri Bhalchandra Patil took over the bank's charge and is still leading the bank through its golden era. Bank has spread under his leadership through 36 branches at Jalgaon city and district, Dhule, Nasik, Aurangabad, Pune, Mumbai, Malkapur and Burhanpur (Madhya Pradesh).