Union Bank of Nigeria has officially completed its merger with Titan Trust Bank, marking the end of Titan Trust’s operations as a standalone institution. The Central Bank of Nigeria approved the consolidation, enabling Union Bank to absorb Titan Trust’s assets, operations, and personnel under a single brand identity. This development concludes a multi-year acquisition process that began in 2021 and included a mandatory takeover offer and delisting of Union Bank from the Nigerian Exchange in 2023.
The newly merged institution combines Union Bank’s long-standing legacy with Titan Trust’s innovative agility, now operating over 293 service centers and nearly 1,000 ATMs nationwide. Customers from both banks are assured that their services remain uninterrupted, with a strengthened focus on digital solutions and regulatory compliance.
The move also addresses capital adequacy concerns ahead of the 2026 recapitalization deadline. With Titan Trust facing a reported ₦30 billion shortfall, the merger secures regulatory footing and positions Union Bank among Nigeria’s top ten banks by assets.
