According to the Managing Director of Access Bank, Herbert Wigwe and his Diamond Bank counterpart, Uzoma Dozie, the bank will operate under a new enlarged Access Bank brand.
A joint statement by the two banks on Wednesday noted that finalising the merger proposes will be after the deal has been sanctioned by the Federal High Court expected in the coming days, followed by final regulatory approvals by the Securities and Exchange Commission and Central Bank of Nigeria regulatory approvals.
“We are delighted that shareholders of both companies supported the merger. It is a testament to what we have said before: together we are stronger and can offer more opportunities for our employees, more products and services for you, our customers and more benefits for all our stakeholders.
“This approval puts us a step closer to becoming bigger, better and stronger Access Bank, one of Africa’s largest banks by number of customers,” the report by Thisday newspaper quoted the statement as saying.
The report added that a team of brand experts had been working to create a fusion of both banks and that the new brand would reflect both banks’ shared purpose to help people achieve their dreams and in doing so, for Africa to take its place on the world stage.