Union Bank Finalises Merger with Titan Trust Bank

Union Bank of Nigeria has completed its merger with Titan Trust Bank Limited after securing final approval from the Central Bank of Nigeria.

The transaction, which began with the signing of a Share Sale Agreement in 2021, has now resulted in Titan Trust Bank being fully absorbed into Union Bank. The enlarged institution will continue to operate under the Union Bank brand, while Titan Trust ceases to exist as a separate entity.

According to the bank’s Chief Brand and Marketing Officer, Mrs. Olufunmilola Aluko, the merger strengthens Union Bank’s nationwide footprint with more than 293 service centres and 937 ATMs, supported by enhanced digital channels.

“This merger combines Union Bank’s heritage with Titan Trust’s agility and innovation, creating a platform for sustainable growth and deeper financial inclusion,” Aluko said.

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Managing Director/CEO, Mrs. Yetunde Oni, described the merger as a “pivotal moment” in the bank’s 108-year history, while Board Chairman, Mr. Bayo Adeleke, said the consolidation would unlock new opportunities for customers, shareholders, and communities.

Union Bank assured customers that existing services will continue seamlessly, with account details unchanged.