United Coconut Planters Bank

United Coconut Planters Bank (UCPB)
Company typeState-owned[1]
IndustryFinance and Insurance
FoundedManila, Philippines
(May 15, 1963; 61 years ago (1963-05-15))
DefunctMarch 1, 2022; 2 years ago (2022-03-01)
FateMerged into Land Bank of the Philippines with Land Bank as the surviving entity
HeadquartersMakati, Philippines
Key people
  • Danilo V. Pulido, (Acting Chairman of the Board)
  • Liduvino S. Geron (Officer-in-Charge)[2]
ProductsFinancial services
₱3.3 billion (Increase) (2015) [1]
Number of employees
4,064 [3]
Websitewww.ucpb.com

The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, having ranked within the top twenty banks in the country in terms of assets. It was the only existing universal bank not listed on the Philippine Stock Exchange. The bank, owing to its name, catered heavily to coconut farmers, but also served a wide-ranging clientele.

In July 2020, the Philippine government raised its stake with the bank to 97%, thus resulting for its conversion to a government controlled bank.[1][4]

Effective March 1, 2022, UCPB merged with Land Bank of the Philippines (LBP), with the latter as the surviving entity.

As of February 1, 2024, UCPB Savings Bank still survives as a wholly-owned subsidiary of LBP as its thrift bank affiliate.

  1. ^ a b Gov’t bolsters stake in UCPB to 97% by converting P12B notes. Retrieved August 16, 2020.
  2. ^ "UCPB Board of Directors". Archived from the original on June 19, 2018.
  3. ^ "THE STRENGTH AND STABILITY You can rely on" (PDF). Archived from the original (PDF) on January 4, 2017.
  4. ^ Cite error: The named reference Government expands UCPB stake to majority was invoked but never defined (see the help page).