ama ▁( CB P ) ▁was ▁originally ▁established ▁and ▁officially ▁registered ▁as ▁a ▁co oper ative ▁company ▁on ▁ 7 ▁June ▁ 1 9 5 0 , ▁under ▁the ▁Cooper ative ▁Company ▁Ord in ance ▁( 1 9 4 8 ) ▁which ▁is ▁currently ▁known ▁as ▁the ▁Cooper ative ▁Act ▁( 1 9 9 3 ). ▁ ▁Its ▁creation ▁is ▁the ▁result ▁of ▁the ▁mer ging ▁of ▁over ▁ 2 1 ▁Village ▁Cooper ative ▁Comp an ies ▁( Mal ay : ▁S yar ik at ▁Ker jas ama ▁K amp ung ) ▁in ▁B uk it ▁M ert aj am , ▁Pen ang . ▁During ▁its ▁early ▁establishment ▁the ▁newly ▁created ▁co oper ative ▁is ▁known ▁as ▁" The ▁Province ▁W elles ley ▁Cooper ative ▁Bank ing ▁Union ▁Limited ". ▁ ▁During ▁its ▁establishment , ▁C B P ' s ▁office ▁was ▁located ▁at ▁the ▁building ▁of ▁" P ej ab at ▁J ab atan ▁K em aj uan ▁Ker jas ama ▁B uk it ▁M ert aj am " ▁whereas ▁its ▁staff ' s ▁sal ary ▁was ▁paid ▁by ▁the ▁government . ▁Bank ▁Pers atu an ▁activities ▁at ▁that ▁time ▁remained ▁focused ▁on ▁credit ▁finan cing ▁and ▁supplies ▁of ▁agricult ural ▁inputs . ▁ ▁The ▁mer ging ▁of ▁co oper ative ▁banks ▁in ▁ 1 9 5 4 ▁led ▁to ▁the ▁creation ▁of ▁" B ank ▁Ag ung " ▁which ▁then ▁changed ▁to ▁" B ank ▁Ker jas ama " ▁in ▁ 1 9 6 7 ▁and ▁later ▁was ▁known ▁as ▁"