September 1, 2025
Union Bank of Nigeria Plc has officially announced it successful merger with Titan Trust Bank Limited, after final approval from the Central Bank of Nigeria, CBN.
The transaction, which commenced in 2021 with the signing of a Share Sale Agreement, has now led to the full absorption of Titan Trust Bank’s operations and assets into Union Bank.
Under the terms of the merger, Union Bank has fully absorbed Titan Trust Bank’s operations and assets. The combined institution will continue to operate under the Union Bank brand, while Titan Trust Bank ceases to exist as a separate entity.
With over 293 service centres, 937 ATMs nationwide, and upgraded digital platforms, the consolidated bank is positioning itself to deliver stronger value across retail, SME, and corporate segments.
READ MORE; Banking Stocks Soar Amid Sector’s Recapitalisation
Union Bank’s Managing Director and Chief Executive Officer, Yetunde Oni, described the development as a “significant milestone” in the bank’s 108-year history. “This is a launchpad for delivering greater value to our customers. By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner,” she said.
Chairman of the Board, Mr Bayo Adeleke, acknowledged the merger as “a new era of growth, collaboration, and shared prosperity”, stressing that the institution remains committed to creating long-term value for customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda.
The bank customers were assured that their account details remained unchanged and services will continue without disruption, even as it scales up investment in digital banking solutions.
With this consolidation, Union Bank strengthens its market position and operational capacity, aiming to provide a more modern and inclusive banking experience for it customers nationwide.
