It is the largest bank of Southern Brazil and operates primarily in the state of Rio Grande do Sul (RS), with a network that serves more than 365 cities.

The event, carried through with all the pomp and circumstance in the "Sao Pedro Theater", in Porto Alegre, aimed at to analyze the problems of the state economy, with direct focus on the crisis faced for "charqueadas" and all the production related to the cattle one.

The arguments were strong excessively to pass unobserved for the federal government, and president Washington Luís lowered decree, authorizing the state to create a credit bank.

To 10h of day 12 of September 1928, in solemnity that counted on the presence of then the president of the State, Getúlio Vargas, was created the Bank of the Rio Grande do Sul.

The actions directed in credit facilities of long stated period had passed to be operated, in 2002, for "Caixa Estadual S.A." - Agency of Promotion.