Union Bank of Nigeria has successfully completed its merger with Titan Trust Bank, following approval from the Central Bank of Nigeria (CBN), ushering in a major expansion of its service network.
As part of the consolidation, where Titan Trust Bank ceases to exist as a separate entity and all operations continue under the Union Bank brand, the newly enlarged institution now features 937 ATMs and 293 service centres across Nigeria. This move consolidates Union Bank’s position as a modern banking powerhouse.
The merger, which began with a 2021 Share Sale Agreement, merges Titan Trust’s agility and innovation-driven approach with Union Bank’s established legacy. The strategy promises to drive sustainable growth and deepen financial inclusion in Nigeria.
Union Bank’s Managing Director, Mrs Yetunde Oni, described the merger as a “pivotal moment,” marking the start of a new chapter for a 108-year-old institution. The board, led by Chairman Bayo Adeleke, reaffirmed that the merger unlocks synergies and is expected to generate long-term value for customers, shareholders, and communities.
Customers are assured that their accounts and banking services remain unchanged, with enhanced digital capabilities rolling out alongside expanded physical presence. All Titan Trust branches are now Union Bank branches, and all digital platforms remain operational as the integration concludes.
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