After inquiring about the relevant bank information, I learned that the village bank is a state-owned bank and the contract is formal, so the village bank of Pizhou Rural Commercial Bank is formal.

Village bank refers to a banking financial institution established in rural areas with the approval of China Banking Regulatory Commission in accordance with relevant laws and regulations and funded by domestic and foreign financial institutions, domestic non-financial institutions, corporate legal persons and domestic natural persons, mainly providing financial services for local farmers, agriculture and rural economic development.