Union Bank of Nigeria Completes Merger with Titan Trust Bank
Union Bank of Nigeria, one of the age-long and waxing stronger financial institutions in Nigeria has successful completes its merger with Titan Trust Bank Limited following a final approval from the Central Bank of Nigeria (CBN).
The milestone feat has concluded a process that began with the signing of a Share Sale Agreement in 2021 which positions Union Bank as an even stronger force within Nigeria’s financial services sector.
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 an expanded footprint of over 293 service centres and 937 ATMs nationwide, supported by strengthened digital channels,l Union Bank is poised to deliver enhanced value across retail, SME and corporate segments.
The merger combines Union Bank’s trusted heritage with Titan Trust’s agility and innovation, creating a platform for sustainable growth and broader financial inclusion.
Union Bank’s Managing Director and Chief Executive Officer Mrs Yetunde Oni described the development as a pivotal moment in the 108-year journey of the bank and a launchpad for delivering greater value to our its customers.
Blending stability with innovation Union Bank is better positioned to meet the evolving needs of Nigerians as well be their most trusted financial partner.
Also speaking on the transaction, Chairman of the Board of Directors, Bayo Adeleke, said it is a new era of growth, collaboration and shared prosperity; which brings together the strengths of both institutions.
Adeleke emphasised the bank's commitment to creating lasting value for customers, shareholders and communities; while advancing Nigeria’s financial inclusion agenda.
The Bank has assured customers that there will be no disruption to existing services; as their account details remain unchanged and customers would continue to access a full suite of products and services seamlessly with an accelerated push towards enhanced digital solutions.
A strategic consolidation that strengthens Union Bank’s market position, unlocks operational synergies and underscores its ambition to deliver a modern, robust and inclusive banking experience for all.










