Union Bank of Nigeria Plc has officially completed its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).
The process began in 2021 with the signing of a Share Sale Agreement and concludes the full absorption of Titan Trust’s operations and assets into Union Bank.
The combined institution continues to operate under the Union Bank brand, while Titan Trust Bank ceases to exist as a separate entity.
This consolidation expands Union Bank’s footprint to over 293 service centres and 937 ATMs nationwide, supported by enhanced digital platforms.
Union Bank aims to deliver greater value across retail, SME, and corporate segments by combining its long heritage with Titan Trust’s innovation and agility.
Managing Director and CEO Yetunde Oni described the merger as a pivotal moment in Union Bank’s 108-year journey, positioning the bank to better serve the evolving needs of Nigerians.
Chairman Bayo Adeleke welcomed the merger as ushering in a new era of growth, collaboration, and shared prosperity, stressing commitment to advancing financial inclusion and delivering lasting value to customers, shareholders, and communities.
Customers have been assured that their accounts will remain unchanged, with services continuing without disruption as the bank accelerates investment in digital banking solutions.
The merger strategically strengthens Union Bank’s market position and operational capacity to provide a modern, robust, and inclusive banking experience nationwide.
