Spring Bank Plc And Fcmb Bank

In line with CBN directive of July 6, 2004 on bank capitalization and consolidation, ACB International Bank Plc, Citizens International Bank Plc, Fountain Trust Bank Plc, Guardian Express Bank Plc, Omega Bank Plc, and Trans International Bank Plc have merged into one mega bank with the name Springbank Plc.
The primary objective of the merger is to create one of the leading banks in Nigeria with a formidable balance sheet size, offering banking services that will exceed every expectation of our customers, through a highly motivated and professional team, applying the state-of-art technology to maximize returns on shareholder’s investment while discharging our social responsibility.
The combined entity has shareholders’ funds of N32.4 billion, total assets of N150 billion and over 200 branches spread across the country. Springbank Plc presently ranks among the top 10 banks in the country. The financial base of the new bank surpasses the threshold requirement for market compliance, thereby providing it with a strong platform for effective competition with market leaders
Interestingly, the name of the bank, which has no known negative connotation, is an acronym of our core values as listed below.
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