Yangquan Commercial Bank Co., Ltd. was established on September 19, 2007, which marked that the people of Yangquan truly owned their own bank. Yangquan City Credit Cooperative, the predecessor of Yangquan Commercial Bank, was first born in 1985. In April 1989, the "Yangquan Urban Credit Cooperation Center" was established. In December 1991, the urban credit cooperatives were separated from the organizational system of Yangquan Industrial and Commercial Bank of China and were directly managed by the Yangquan People's Bank of China. In October 1993, according to the Notice No. 65 [1993] of the Shanxi Provincial Branch of the People's Bank of China on the "Decoupling Plan between Urban Credit Cooperatives and Forming Units in Shanxi Province", urban credit cooperatives were officially decoupled from the Municipal People's Bank of China. In December 1997, in accordance with the spirit of the Jinyinfa [1997] No. 188 document of the Shanxi Provincial Branch of the People's Bank of China, "Notice on the centralized management of urban credit cooperatives located in counties (cities) under the jurisdiction of rural credit cooperatives", Pingding and Yuxian urban credit cooperatives were established respectively. Return to the local rural credit cooperative.
In January 2002, Yangquan City Urban Credit Cooperative merged and reorganized four legal person cooperatives to complete the restructuring of a single legal person company. The legal person qualifications of the original four urban credit cooperatives were cancelled, and a single legal person system was established with a joint-stock economic nature. The city credit cooperative has 12 sales departments. On January 26, 2007, the China Banking Regulatory Commission approved the establishment of Yangquan Commercial Bank, and on June 29, 2007, the founding meeting of Yangquan Commercial Bank and the first meeting of the first general meeting of shareholders were successfully held. , with a registered capital of 333.97 million yuan, 15 branches and 20 internal management committees, departments and offices. As Yangquan people's own bank, Yangquan Commercial Bank has taken supporting local economic development as its unshirkable responsibility over the years. Due to its unremitting efforts, it has won widespread praise from all walks of life. Four branches were awarded the "Municipal" title by the *** Youth League Municipal Committee One branch was awarded the "Provincial Youth Civilization Number" unit by the *** Youth League Provincial Committee. The Huasheng Street branch was rated as the provincial civilized and standardized service demonstration unit by the Shanxi Provincial Banking Association. Fushou Street The branch was rated as a national-level civilized and standardized service demonstration unit by the Banking Association. Yangquan Commercial Bank was awarded the second-class collective merit by the Shanxi Provincial Labor Competition Committee. It was rated as the 2008 Shanxi Province Excellent Enterprise by the Shanxi Provincial Entrepreneurs Federation and the Shanxi Provincial Entrepreneurs Association. The title of Top 60 Enterprises in the Service Industry and the title of Meritorious Enterprise of Shanxi Province was awarded the title of "Top 50 Yangquan Enterprises" and "Excellent Enterprise" in 2009 by Yangquan Entrepreneurs Federation and Yangquan Entrepreneurs Association.
On September 19, 2009, Yangquan Commercial Bank was officially established. As of 2013, Yangquan Commercial Bank has 24 internal management committees, departments and offices, with 1 business department and 15 branches spread across Yangquan’s “three districts and two counties”.
The bank abbreviation yqccb is in accordance with the "Company Law of the People's Republic of China", "Commercial Bank Law of the People's Republic of China" and "Articles of the Yangquan Commercial Bank", as well as relevant regulatory requirements, Yangquan Municipal commercial banks have established shareholders’ meetings, boards of directors, boards of supervisors, and senior management, and established and improved a series of rules and regulations so that all levels can perform their duties, check and balance each other, and develop steadily.