Union Bank of Nigeria has officially concluded its merger with Titan Trust Bank Limited, following approval from the Central Bank of Nigeria (CBN).
Under the agreement, Union Bank has fully absorbed Titan Trust Bank’s operations and assets, with the combined entity continuing under the Union Bank brand. This development marks the end of Titan Trust Bank as a separate institution.
Speaking on the milestone, Union Bank’s Chief Executive Officer, Mrs. Yetunde Oni, described the merger as “a pivotal moment in our 108-year journey, and a launchpad for delivering greater value to our customers.”
She added, “By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”
Chairman of the Board, Mr. Bayo Adeleke, also welcomed the development, saying it signaled “a new era of growth, collaboration, and shared prosperity.” He noted that the combined strengths of both institutions would drive long-term value for customers, shareholders, and communities, while also advancing Nigeria’s financial inclusion agenda.
Union Bank assured its customers that there would be no disruption to existing services. Account details remain unchanged, while the bank pledged to continue offering a wide range of products seamlessly, with an added focus on accelerating digital solutions.
The consolidation strengthens Union Bank’s market position, with over 293 service centres and 937 ATMs nationwide, supported by robust digital platforms. The lender said these resources would enable it to deliver greater value across retail, SME, and corporate segments by combining Union Bank’s heritage with Titan Trust Bank’s agility and innovation.
The merger process, which began in 2021 with the signing of a share sale agreement, now firmly positions Union Bank as a stronger player in Nigeria’s financial services sector.
