BHF Rural Bank, Inc. was formed in order to bring to the community their financial needs, the increasing customer base and serve as the primary credit arm of the BHF Corporation, its mother entity, for its real estate and chattel lending activities.  Initially, the Bank has five (5) incorporators, namely; Remigio M. Bonifacio, Sr., Aurora B. Bonifacio, Dr. Armando B. Bonifacio, Remigio B. Bonifacio, Jr., and Rosemarie B. Bonifacio. The Bank’s proposed Articles of Incorporation and By-Laws were transmitted to the Bangko Sentral Ng Pilipinas (BSP) for approval with an original authorized capital stock of P80,000,000.00 divided into 60,000 common shares and 20,000 preferred shares with par value of P1,000.00 each.

On February 28, 1997, the Certificate of Incorporation to operate was granted and signed by then Governor Gabriel C. Singson.  This was followed by the Letter of Transmittal dated April 25, 1997.  Immediately, the approved Articles of Incorporation and By-Laws were registered with the Securities and Exchange Commission, Baguio Extension Office and was granted on May 21, 1997 SEC Registration No. B199700371.

Faced with the challenge in the banking industry and to cope up with BSP standards for capital adequacy framework, its Articles of Incorporation and By-Laws were amended on August 4, 2006 increasing its capital stock to P180,000,000.00 comprised of 160,000 common shares and 20,000 preferred shares at P1,000.00 par value per share which was approved by the SEC on November 28, 2008.  In addition, the number of directors was increased from five (5) to eleven (11) members and provisions for eight executive officers including the Compliance Officer were introduced with the Board of Directors given appointing powers for other positions, fixed their compensation and specify their respective duties and responsibilities.

BHF Rural Bank, Inc. originally housed its main office at the 2^nd Floor, BHF Corporation Building, A.B. Fernandez Avenue, Dagupan City. In 2001 it moved to BHF Plaza at Mayombo District, Dagupan City and now stands to its own building on the same district when it transferred its Main Branch and Corporate Office last 2007

BHF Rural Bank, Inc. has current six (6) branches, to wit:  Lingayen Branch, Urdaneta City Branch, Tayug Branch (Previously Paniqui Branch), Mangatarem Branch (Previously Baguio City Branch), Rosario La Union (Previously Tarlac City Branch) and Alaminos City Branch.

Today, the Bank continues to upgrade its operating systems and professionalized its ranks in order to provide better services to its clientele and to be at par with Bangko Central Ng Pilipinas and international banking standards.