The Central Bank of Nigeria (CBN) has granted final approval for the merger between Union Bank of Nigeria Plc and Titan Trust Bank Limited, concluding a process that began in 2021.
Following the transaction, Union Bank has fully absorbed Titan Trust’s operations and assets, leaving the 108-year-old Bank as the surviving institution. The bank will continue under the Union Bank brand, while Titan Trust ceases to exist as a separate entity.
Union Bank now boasts over 293 service centres and 937 ATMs nationwide, supported by strengthened digital platforms to serve retail customers, SMEs, and large corporations.
The merger blends Union Bank’s legacy with Titan Trust’s agility, providing a stronger base for financial inclusion and sustainable growth. Customers were assured that account details remain unchanged, and services will continue seamlessly as the bank accelerates the rollout of enhanced digital solutions.
