The United Coconut Planters
Bank, more popularly known by its initials, UCPB, or by its old name,
Cocobank, is one of the largest banks in the Philippines, ranking within the
top twenty banks in the Philippines in terms of assets. The bank, owing to
its name, caters heavily to coconut farmers, but also serves a wide-ranging
clientele. UCPB started on May 15, 1963 as First United Bank (Philippines).
With only four branches at the time, it was a small commercial bank. The
bank is also heavily involved in social development projects and other
UCPB is a leading provider of financial products and services to
corporations, private and government institutions, middle market companies,
small - and medium-sized businesses and individuals in the Philippines.
Today, UCPB is one of the largest Philippine banks, with 212 branches and
215 ATMs nationwide. It is also the only universal bank to have a rural
banking subsidiary, although this has since been merged into its thrift
banking operations since late 2005.