The full name of Hangzhou United Bank is "Hangzhou United Rural Commercial Bank", formerly known as "Hangzhou United Rural Cooperative Bank", which was established on February 5, 2005 and officially opened on June 8, 2005. With the approval of China Banking Regulatory Commission, it is a joint-stock cooperative community local financial institution initiated by farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within the jurisdiction of Hangzhou (excluding Xiaoshan and Yuhang District), with a registered capital of 725 million yuan. 20111/On October 5th, "Hangzhou Rural Cooperative Bank" was transformed into "Hangzhou Rural Joint Commercial Bank".
On July 1 1, 2006, Hangzhou United Bank formally signed a strategic cooperation agreement with the Dutch cooperative bank and the International Finance Corporation, becoming the first rural cooperative bank in China to introduce foreign shareholders. At the same time, on the basis of introducing capital, Hangzhou United Bank has also carried out technical cooperation with Dutch cooperative bank and international finance corporation, improved corporate governance structure and operation mechanism, and learned advanced management technology from international banks.
On March 9, 2020, the "20 19 China Banking 100 Top List" was released, and Hangzhou United Bank ranked 65th.