United Coconut Planters Bank
| Company type | State-owned subsidiary |
|---|---|
| Industry | Financial services |
| Founded | May 15, 1963 in Manila, Philippines |
| Defunct | March 1, 2022 |
| Fate | Merged into Land Bank of the Philippines with Land Bank as the surviving entity |
| Headquarters | , |
Key people |
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| Products | Banking services, insurance |
| ₱3.3 billion (2015) | |
Number of employees | 4,064 (2016) |
| Website | www |
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a Filipino 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.
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. It is however up for sale since October 2024.