In a remarkable turn of events, Titan Trust Bank, a prominent commercial bank in Nigeria, has been seamlessly integrated into Union Bank.
The announcement regarding this significant merger was made on Monday through a declaration by the bank’s Head of Brand and Marketing, Mrs. Olufunmilola Aluko.
This development comes in the wake of the endorsement granted by the Central Bank of Nigeria.
The bank has reassured its valued customers that despite the merger, their information will remain intact and services will proceed without any interruptions.
“Union Bank has completely incorporated Titan Trust Bank’s operations and assets. The newly formed institution will continue to function under the Union Bank brand, while Titan Trust Bank ceases to operate as an independent entity,” stated Aluko.
“Titan Trust Bank is Now Union Bank of Nigeria!” Union Bank proclaimed in an announcement on its X account.
Previously, Titan Trust Bank had secured an impressive 89.4 percent stake in Union Bank, a strategic move that resulted in the latter’s removal from the Nigerian Exchange Limited in 2023.
