Union Bank of Nigeria Completes Merger with Titan Trust Bank, Sets Stage for Innovative Banking Future

Union Bank of Nigeria, one of the country’s most historic financial institutions, has officially completed its merger with Titan Trust Bank Limited, following approval from the Central Bank of Nigeria (CBN). This significant milestone marks the culmination of a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank for enhanced growth and competitiveness in Nigeria’s banking sector.

As part of the merger, Union Bank has fully integrated Titan Trust Bank’s operations and assets into its existing framework. The combined entity will continue to operate under the Union Bank name, while Titan Trust Bank ceases to exist as a separate brand.

The enlarged Bank now boasts over 293 service centers and 937 ATMs nationwide, complemented by an upgraded digital banking infrastructure. This consolidation aims to deliver improved services across retail, SME, and corporate banking segments, blending Union Bank’s longstanding reputation for stability with Titan Trust’s innovative agility.

Mrs. Yetunde Oni, Managing Director and CEO of Union Bank, described the merger as “a pivotal moment in our 108-year history, serving as a launchpad for delivering greater value to our customers. By combining stability with innovation, we are better equipped to meet the evolving needs of Nigerians and strengthen our role as their trusted financial partner.”

Chairman of the Board, Mr. Bayo Adeleke, added, “This merger ushers in a new era of growth, collaboration, and shared prosperity. By uniting the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities, advancing Nigeria’s financial inclusion goals.”

Customers are assured that there will be no disruption to their current services. Account details remain unchanged, and clients will continue to enjoy seamless access to a comprehensive range of banking products, with a focus on expanding digital banking solutions.

This strategic merger enhances Union Bank’s market position, unlocks operational efficiencies, and reaffirms its commitment to providing a modern, inclusive, and resilient banking experience for all Nigerians.