The Mantharathur Co-operative Rural Bank Ltd. was registered as a Co-operative Society on 11.01.1956 and commenced operations on 30.07.1956, serving the Kozhikode District, particularly in the Maniyur Panchayath and Thiruvallur Panchayath, which include the Maniyur, Palayad, and Thiruvallur Villages. Initially, the bank started with its Head Office at Pathiyarakkara.