Union Bank completes merger with Titan Trust Bank after securing final approval from the Central Bank of Nigeria (CBN). The bank announced on Monday that it finalized the process that began with a 2021 share sale agreement.
According to Olufunmilayo Aluko, Union Bank’s Chief Brand and Marketing Officer, Titan Trust’s operations and assets have been fully absorbed. The merged institution will continue to operate under the Union Bank name, while Titan Trust Bank ceases to exist as a separate entity.
Union Bank operates 293 service centers and 937 ATMs, positioning itself to deliver greater value across retail, SME, and corporate banking. The bank also pledged uninterrupted services for existing customers, assuring them that accounts remain unchanged and digital access continues seamlessly.
Board Chairman Bayo Adeleke described the merger as “a new era of growth, collaboration, and shared prosperity.” Managing Director and CEO Yetunde Oni added that the deal represents a pivotal moment in Union Bank’s 108-year history.
She emphasized that the combination of Union Bank’s stability and Titan Trust’s innovation creates a strong foundation for long-term growth and financial inclusion.
Union Bank further reaffirmed its commitment to expanding digital solutions and strengthening Nigeria’s financial inclusion agenda.
