The business purpose of Jiangsu Sheyang Rural Commercial Bank is to independently carry out various commercial banking businesses, actively participate in financial market competition, provide high-quality and efficient financial services for farmers, agriculture and rural economic development, and promote the coordinated development of urban and rural economy. The business scope of Jiangsu Sheyang Rural Commercial Bank and its branches is: absorbing public deposits and issuing short, medium and long-term loans; Handle domestic settlement; Handle bill acceptance and discount; Acting as an agent to issue, honor and underwrite bonds; Buying and selling bonds and financial bonds; Engage in interbank lending; Engaged in bank card business; Acting as an agent for payment and insurance agency business and providing safe deposit box service; Other businesses approved by the banking regulatory agency and relevant departments.
By the end of 20 13, its total assets reached 125 billion yuan, and the balance of various deposits exceeded10 billion yuan. There are 44 branches inside and outside Jiangsu Province, which is the largest financial institution in Sheyang County. In addition to setting up branches in Sheyang County, Sheyang Rural Commercial Bank has also tried to expand and develop in the past two years, among which Qingfeng Branch, which suffered a run, is located in tinghu district, Yancheng City. The bank is applying for another branch in Yancheng, but the name has not been approved. As a workaround, Sheyang Rural Commercial Bank plans to borrow the name of Qingfeng Sub-branch, which belongs to the urban area, to build a new branch and rename Qingfeng Sub-branch as Limin Sub-branch. The bank run started around noon on March 24th, 20th14th. A depositor wanted to withdraw 200,000 cash, but the bank refused to make an appointment. Subsequently, "Sheyang Rural Commercial Bank is going to close down" was circulated among the people. The interview about the bank run needs a unified response from the county propaganda department. At two o'clock in the afternoon, at the Qingfeng Sub-branch of Sheyang Rural Commercial Bank near Yancheng Environmental Protection Industrial Park, the withdrawal crowd began to gather, and the outsiders in the sub-branch were crowded. Coupled with the nearby residents who came to watch the excitement, the number of people reached hundreds at the peak. People in Qingfeng Sub-branch said that the name change did exist, because the surrounding guarantee companies used the name and fake seal of Qingfeng Sub-branch to cheat everywhere, and Qingfeng Sub-branch planned to change its name to Limin Sub-branch to completely distinguish it from it.