Union Bank Nigeria Completes Merger With Titan Trust Bank, Strengthening Market Position

Union Bank Nigeria has successfully merged with Titan Trust Bank Limited after receiving final approval from the Central Bank of Nigeria (CBN). The merger, initiated through a Share Sale Agreement in 2021, sees Union Bank absorbing Titan Trust Bank's operations and assets while retaining its brand name.

This consolidation strengthens Union Bank's market position with 293 service centers and 937 ATMs nationwide, enhancing its digital channels for improved financial inclusion and value delivery to customers. The Managing Director and CEO, Yetunde Oni, views the merger as a pivotal moment for Union Bank's growth and innovation, while the Board Chairman, Bayo Adeleke, sees it as a new era of collaboration for enhanced customer service and shareholder value contribution to Nigeria's financial inclusion agenda.