Union Bank of Nigeria has said it has completed its merger with Titan Trust Bank after securing final approval from the Central Bank of Nigeria (CBN).
The move comes three years after Titan Trust acquired Union Bank in 2022 and aligns with the push for Nigerian banks to strengthen their capital base ahead of the CBN’s March 2026 recapitalisation deadline.
Under the deal, Titan Trust Bank has been fully absorbed into Union Bank, which will continue under its existing brand. With over 293 branches, 937 ATMs, and stronger digital platforms, the bank says it is now better placed to serve retail, SME, and corporate customers.
Union Bank’s CEO, Yetunde Oni, described the merger as a milestone in the bank’s 108-year history, blending stability with innovation to meet customer needs. Board Chairman Bayo Adeleke called it the start of “a new era” of growth and inclusion.
The bank assured customers that services remain uninterrupted, with account details unchanged, while digital solutions will be further enhanced.