Union Bank Completes Merger with Titan Trust Bank, Forging a Stronger Financial Institution.
ABUJA, NIGERIA – September 1, 2025 – Union Bank of Nigeria, a cornerstone of the nation’s banking industry for over a century, today announced the successful completion of its merger with Titan Trust Bank Limited. The announcement follows the final approval from the Central Bank of Nigeria (CBN), marking the official conclusion of a strategic process that began in 2021.
In a statement released this morning, the bank confirmed that the merger solidifies its position as a more formidable and resilient force within Nigeria’s competitive financial services landscape. The combined entity will operate entirely under the trusted Union Bank brand, while Titan Trust Bank will cease to exist as a separate legal entity.
A Landmark Moment in a 108-Year Journey
The merger is being hailed by the bank’s leadership as a pivotal moment designed to accelerate growth and enhance customer value. The move strategically blends Union Bank’s 108-year heritage and extensive customer base with the agility and innovative technological approach of Titan Trust Bank.
Mrs. Yetunde Oni, Managing Director and Chief Executive Officer of Union Bank, described the development as a launchpad for the future. “This is a pivotal moment in our 108-year journey,” she stated. “By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”
Echoing this sentiment, the Chairman of the Board, Mr. Bayo Adeleke, added: “This is a new era of growth, collaboration, and shared prosperity. By bringing together the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda.”
What Does the Merger Mean for Customers?
Union Bank has moved to assure all its customers, including those from the former Titan Trust Bank, of a seamless transition with no disruption to services.
Key points for customers include:
Brand: All operations will now be under the single, unified Union Bank brand.
Account Details: Existing account numbers, and other details for both Union Bank and former Titan Trust Bank customers, remain unchanged.
Services: Customers will continue to enjoy uninterrupted access to a full suite of products and services.
Digital Focus: The merger will accelerate the bank’s push towards enhanced and more robust digital banking solutions.
Expanded Reach and Enhanced Capabilities
The consolidation creates a significantly larger institution with an expanded footprint across Nigeria. The new Union Bank now boasts:
Over 293 service centres nationwide.
A network of 937 ATMs.
Strengthened and integrated digital banking channels.
This increased scale will enable the bank to deliver superior value across its retail, Small and Medium-sized Enterprise (SME), and corporate banking segments, reinforcing its commitment to supporting economic growth and financial inclusion. The merger is expected to unlock significant operational synergies and create a more efficient, modern, and inclusive banking experience for all stakeholders.
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