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Intercontinental Bank, commonly referred to Intercontinental, was a Nigerian commercial bank that operated from 1989 until it was acquired by Access Bank plc in 2013. Prior to its acquisition, Intercontinental Bank was one of the twenty-four commercial banks licensed by the Central Bank of Nigeria , the country's banking regulator.
Access Bank successfully concluded its 3rd public offering in 2008, raising more than US$1 billion. In 2009, Access Bank merged with the Intercontinental Commercial Bank (ICB) [17] and was listed the same year (2012) [18] on the LSE (London Stock Exchange). A 350 million dollars Eurobond was also successfully raised in parallel.
Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on 1 April 2019. In conclusion of its merger with Diamond Bank, Access Bank unveiled its new logo, signalling the commencement of a new enlarged banking entity. The bank employs more than 28,000 people in 2021. [2]
Jan. 3—Texas State Bankshares has announced a deal to acquire Denton-based Access Bancorp, which will add AccessBank Texas's six banking centers to its growing Texas Regional Bank operation. The ...
In January 2020, the Central Bank of Kenya gave approval for Access Bank Group to acquire up to 100 percent shareholding in Transnational Bank. [7] In August 2020, the take-over was consummated after the new owners paid KES:1.4 billion (approx. US$13 million) to buy-out the previous shareholders. The bank re-branded to Access Bank (Kenya) PLC. [1]
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Diamond Bank Plc., was a Nigerian multinational financial service provider. [4] Diamond Bank was acquired by Access Bank in December 2018, and announced to complete the transactions of the merger fully in the first half of 2019. [ 5 ]
Herbert Onyewumbu Wigwe CFR (15 August 1966 – 9 February 2024) was a Nigerian banker and businessman. He was the group managing director and CEO of Access Bank Plc, one of Nigeria's top five banking institutions, after succeeding his business partner, Aigboje Aig-Imoukhuede.