Union Bank of Nigeria yesterday announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).
The bank’s Chief Brand and Marketing Officer, Mrs. Olufunmilayo Aluko, in a statement said the milestone concludes a process that began with the signing of a Share Sale Agreement in 2021 and 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 statement added that the combined institution will continue to operate under the Union Bank brand, while Titan Trust Bank ceases to exist as a separate entity.
