UCPB Savings Bank, Inc. (UCPBS) started its operation on October 18, 1962, as then Savings Bank of Manila. In 1984, 98% of its stocks was acquired by the United Coconut Planters Bank, and later merged with other UCPB-owned thrift banks. In 2005, UCPB Rural Bank, another subsidiary of UCPB, was merged with the Savings Bank, with UCPBS as surviving entity, allowing it to further extend its financial products & services in rural areas; a partner in progress. On January 4, 2021, UCPBS received its welcome letter from the Governance Commission for Government-Owned and Controlled Corporations (GCG), formally recognizing it as a Government Financial Institution (GFI). On June 25, 2021, with the enactment of Executive Order No. 142, UCPB was merged with the Land Bank of the Philippines, making UCPBS its subsidiary effective March 1, 2022, further bolstering its vision of being a catalyst for financial inclusion, strengthening its resolve to expand the communities it serves. As of November 2023, the Bank operates 49 branches, 9 Branch Lites and 5 lending offices across the Philippines. Its registered principal address at 7F Robinsons Cybergate Magnolia, Aurora Blvd., corner Doña Hemady St., New Manila, Quezon City.