Union Bank has completed merger with Titan Trust Bank after CBN approval.
NaijaOnPoint Nigeria reports that Union Bank of Nigeria has officially completed its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).
The landmark consolidation, which began with a Share Sale Agreement in 2021, sees Union Bank fully absorbing Titan Trust’s operations and assets, with the institution continuing under the Union Bank brand name.
With over 293 service centres, 937 ATMs nationwide, and strengthened digital channels, the bank says it is now better positioned to drive financial inclusion and deliver value to retail, SME, and corporate customers.
Managing Director and CEO, Mrs. Yetunde Oni, described the merger as “a pivotal moment in Union Bank’s 108-year journey,” combining stability with innovation for long-term growth.
Board Chairman, Mr. Bayo Adeleke, called the development “a new era of growth and collaboration,” pledging stronger customer service, shareholder value, and contributions to Nigeria’s financial inclusion agenda.
Union Bank reassured customers that existing account details remain unchanged and services will continue seamlessly, with an accelerated push into digital solutions.
The successful merger strengthens Union Bank’s market position and marks a major milestone in Nigeria’s banking sector.