UNITED Coconut Planters Bank (UCPB) stockholders have green-lighted the merger plan with the Land Bank of the Philippines, the government financial institution announced on Friday.

In a statement, it said during the UCPB stockholders meeting on December 14, shareholders representing 97.2 percent of the total outstanding capital stock of UCPB voted in favor of the Plan of Merger and Articles of Merger between UCPB and LandBank.

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