The establishment of the former Khandesh District Central Co-operative Bank was done on 19th May 1916 in Jalgaon by registered lawyers and prominent social workers led by Mr. Dattatray Govind Juvekar, with the vision of the holistic development and prosperity of all Marathi-speaking, and needy people of Jalgaon district, and to gain the trust of people at all levels. On 27th May 1916, the former Khandesh District Central Co-operative Bank was registered, and a board of first nine members was appointed by the government. Mr. Dattatray Govind Juvekar was appointed as the first chairman of the bank. The Bodwad Co-operative Society purchased first share on 31st July 1916. The bank had a total of 147 members including 35 institutions and 112 individuals during its establishment in 1916-17, with a collected share capital of Rs. 26,000. In 1951, there were 3,202 members, in 1966, 4,503 members, and as of November 20, 2015, the total number of bank members is 7,534, out of which 2,624 are individual members. The first branch of the bank was established in Pachora in September 1923. By 1935, eight branches of the bank were operational along with the head office. Currently, the bank has 237 branches operating across the Jalgaon district. In June 1919, the bank started its main office at the Government Servants Co-operative Society building with an annual rent of Rs. 75. In 1932-33, the bank incurred expenses of Rs. 49,233 for constructing its own headquarters building, which was made of stone, hence the district bank is locally known as the "Dagadi Bank."

A century-old sapling planted years ago has now transformed into a sturdy banyan tree. The bank now owns 50 buildings. In 1990, the bank spent Rs. 2 crore 32 lakh on building a grand administrative building for the bank, including an auditorium. The bank has been granted banking business license by the Reserve Bank of India on March 28, 2012.

Bank's Head Office,
Year 1916

Bank's Head Office,
Year 1969

Bank's Head Office,
Since 1990

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