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Penco (Mapudungun: "Peumo water") is a Chilean city and commune in Concepción Province, Biobío Region on the Bay of Concepción. Founded on February 12, 1550 by Pedro de Valdivia, it is the third oldest city in the country after Santiago founded first in 1541 and La Serena second in 1544.
In previous centuries, in the current location of Penco, was established the city of Concepción, now the capital of the Bío-Bío Region. Due to earthquakes and tsunamis, which razed the city in the sixteenth and seventeenth centuries, the authorities decided to move the city to its current location to the Valle de la Mocha, alongside the Bío-Bío River. The habitants who did not abandon the territory of Penco, formed the town that exists today.
To an outsider, there may be confusion between the demonyms of the inhabitants of Concepción and Penco. Due to the previous location of Concepción, inhabitants of that city are called penquistas while inhabitants of Penco are known as pencones.
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Coordinates: 36°44′S, 72°59′W
