Titan Trust Bank Fully Merges with Union Bank
Kehinde Adeleye
Union Bank of Nigeria has officially completed its merger with Titan Trust Bank, following the approval granted by the Central Bank of Nigeria (CBN).
The announcement was made on Monday by the bank’s Head of Brand and Marketing, Mrs Olufunmilola Aluko, who confirmed that Titan Trust Bank has been fully absorbed into Union Bank’s operations and assets.
According to the statement, the combined institution will continue to operate under the Union Bank brand, while Titan Trust Bank will no longer exist as a separate entity.
Union Bank assured customers that their account details, banking services, and access to products remain unchanged, ensuring a smooth transition during 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,” Aluko stated.
On its official X account, Union Bank posted: “Titan Trust Bank is Now Union Bank of Nigeria!”
This development follows Titan Trust Bank’s acquisition of an 89.4% stake in Union Bank in 2023, a move that also led to Union Bank’s delisting from the Nigerian Exchange Limited (NGX).
