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Nightdaytrader

10/11/09 10:38 PM

#182526 RE: walldog0 #182525

Walldog0, does First Atlantic Bank still exist? I ask because if you look at the article below, it sounds like First Atlantic merged with 4 other banks to create a new bank,

ND9
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http://www.banksinnigeria.org/first-inland-bank-finbank.htm

FinBank Plc (Fomerly First Inland Bank Plc)
Address: Head Office: Plot 532, IBB way, Wuse 4, Abuja
Phone: +234 9 6700136-7; Fax: +234 9 5239640
Website: http://www.finbankplc.com

Finbank is a brand name. This Nigerian bank was formed as a result of the merger of four indigenous banks;
- First Atlantic Bank Plc
- Inland Bank Plc
- NUB International Bank Ltd
- IMB International Bank Plc

All of them joined together to form what we now know as First Inland Bank Plc.

The Old First Atlantic Bank Plc.
This Bank began banking operations in 1990 as Comet Merchant Bank of Nigeria. It later changed to First Atlantic Bank Limited in June 2000 after a successful re-capitalization and restructuring scheme. The Bank converted to a Public Limited Liability Company on 28 February 2002.

First Atlantic Bank was a technology and service-driven financial organization. The bank also took the first pride of place in Internet Banking in Nigeria. It was the premier truly online bank, pioneering Internet-enabled banking and achieving numerous firsts.

The old Inland Bank Plc
This Nigerian bank was incorporated on 20 April 1988 as a Private Limited Liability Company.

Truly, Inland Bank established itself as a second generation banking institution with core banking franchise in specific areas of the country. In addition, Inland Bank has universal banking competencies in the area of capital market

First Inland Bank got its name from those two banks and has grown in shareholders funds and branches nationwide.

The bank's name has been changed to FinBank in 2008.