Union Bank of Nigeria has officially completed its merger with Titan Trust Bank Limited after receiving final approval from the Central Bank of Nigeria (CBN). This marks the end of a multi-year process that began with an acquisition agreement in 2021.
As a result of the merger, Titan Trust Bank has been fully absorbed into Union Bank and will no longer operate as a separate entity. The combined institution will continue to operate under the Union Bank brand.
With the merger, Union Bank has significantly expanded its network. It now has over 293 service centers and 937 ATMs, along with enhanced digital platforms. This move is designed to better serve retail, SME, and corporate clients across the country and reinforces the bank’s commitment to financial inclusion.
Mrs. Yetunde Oni, Union Bank’s Managing Director, called the merger a “pivotal moment” that will position the bank to deliver greater value to its customers. Mr. Bayo Adeleke, Chairman of the board, added that the merger ushers in a new era of growth and shared prosperity.
The bank has assured customers that there will be no disruption to their services. Existing account details remain the same, and customers can continue to use all services seamlessly. Union Bank is also accelerating improvements to its digital channels. The merger combines Union Bank’s long-standing legacy and trust with Titan Trust’s agility to foster sustainable growth and bolster Nigeria’s financial inclusion efforts.
