Union Bank of Nigeria, one of the country’s oldest and most trusted financial institutions, has officially completed its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).
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The successful consolidation, which began with a Share Sale Agreement in 2021, means that Titan Trust Bank has now been fully absorbed into Union Bank. The combined entity will continue to operate under the Union Bank name, further strengthening its presence in Nigeria’s financial services sector.
With over 293 branches, 937 ATMs nationwide, and stronger digital platforms, Union Bank is set to deliver even greater value to individuals, SMEs, and large corporates. The merger blends Union Bank’s 108-year heritage with Titan Trust Bank’s innovation and dynamism, creating a stronger foundation for growth and financial inclusion.
Speaking on the milestone, Union Bank’s CEO, Mrs. Yetunde Oni, described it as “a defining moment in our journey and an opportunity to deliver more value to customers by combining stability with innovation.” Chairman of the Board, Mr. Bayo Adeleke, added that the merger “ushers in a new era of growth and collaboration aimed at creating long-term value for customers, shareholders, and communities, while supporting Nigeria’s financial inclusion agenda.”
The Bank reassured customers that there will be no disruptions to services — account details remain unchanged, and customers will continue enjoying seamless banking, with added focus on digital solutions.
This strategic merger strengthens Union Bank’s market position and reinforces its ambition to deliver a modern, reliable, and inclusive banking experience for all Nigerians.
