The city of Machilipatnam in the Krishna district of Andhra Pradesh functions as a municipal corporation, as well as the administrative, headquarter of its district. The city is also known as Masulipatnam and Bandar. It is an ancient port town which served as the settlement of the European traders in the 16th century. The British, Dutch and French used it as a major trading port in the 17th century. Machilipatnam experiences a tropical savanna climate with hot and humid summers and moderate winters. The city gets torrential rainfall during July, August and September. Owing to its vicinity to the Bay of Bengal, Machilipatnam is frequently hit by cyclones originating in the sea. The Machilipatnam Municipal Corporation is the civic body responsible for the governance of the city. This seaside city is known for its handloom industry, specializing in Kalamkari textiles that are exported to the United States and other Asian countries. Building boats and fishing are the other notable industries. Machilipatnam used to be a trading base for the Europeans and was known for the minting of copper coins, exporting diamonds and textiles. The AP state government is trying to revive the glory of the former port city. The Machilipatnam Area Development Authority is planning to set up a deep seaport and its associated industrial corridor at Machilipatnam which is expected to employ over 25,000 people.
The Andhra Bank was established by the great freedom fighter, Dr. Bhogaraju Pattabhi. On 20th November 1923, It was registered and started its operations from 28th November with a paid-up capital of one lakh rupees. The logo of the Andhra Bank indicates the togetherness. The symbol of infinity states that the bank which is prepared to go to any lengths to serve its customers. The blue pointer on the top of the infinity symbol indicates that the bank has the philosophy of looking for newer growth and directions as and whenever required. The keyholes depict the safety and security of the customer, and the chain represents the bond of togetherness. The red and blue color shows the dynamism and solidity. The Andhra Bank has its representative office in the United Arab Emirates and the United States of America. The Andhra Bank has a network of 2911 branches globally across Andhra Pradesh, Telangana, and Odisha in India. The vision of the Andhra Bank is to provide a full range of banking services through customer-focused products and to maximize the value of its stakeholders.