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First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks (54394 Views)

CBN Appoints New Executives For Union, Keystone And Polaris Bank / Gtbank In Acquisition Talks / Access Bank Debunks Merger, Acquisition Talks With Union Bank (2) (3) (4)

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Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by serendipityF: 7:47am On Mar 14, 2020
For those of you saying mega acquisition. No that's not the case, they are merging not like first bank is acquiring them the way access bank acquired diamond bank oo. First bank is not all that powerful

4 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by oldman112(m): 7:47am On Mar 14, 2020
Wema bank is the best bank. Fully owned and operated by the north.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Ogegeodey(m): 7:47am On Mar 14, 2020
Me that have accounts with the 3 banks nko?
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Nobody: 7:47am On Mar 14, 2020
Mutemenot:
It shall come to a time our banks will be narrowed to 4, namely UBA, Zenith, FBN and Access banks
gtb strong pass the accessbank and zenith you mentioned

16 Likes 2 Shares

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by BrickDevo: 7:48am On Mar 14, 2020
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Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bizibi(m): 7:50am On Mar 14, 2020
The rumour is true....

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Abayhormy(m): 7:50am On Mar 14, 2020
Alezy:
Wow....a whole first bank?
Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.

15 Likes 2 Shares

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by dingbang(m): 7:52am On Mar 14, 2020
Abayhormy:

Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.
you understand! cool

5 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by iammo(m): 7:52am On Mar 14, 2020
wow Firstbank and Access seem like the new giant

5 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by LilPeezy(m): 7:53am On Mar 14, 2020
Cyberterror:
You are a fool.
Just accept the insult....you really don't have sense

5 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by kpotu(m): 7:54am On Mar 14, 2020
Sense no go kill you
Abayhormy:

Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Abayhormy(m): 7:54am On Mar 14, 2020
serendipityF:
For those of you saying mega acquisition. No that's not the case, they are merging not like first bank is acquiring them the way access bank acquired diamond bank oo. First bank is not all that powerful
Alezy:
Wow....a whole first bank?
Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by originalomobaba: 7:55am On Mar 14, 2020
I love FirstBank. They remain the best bank in the country. You can withdraw to N100 on savings. Their customer service is excellent.

11 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by zakir007(m): 7:55am On Mar 14, 2020
NextD18:
GTB and Zenith remains the best bank!!
Yes, GTB is amazing

6 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Ugo4hotish(m): 7:56am On Mar 14, 2020
CharleyBright:
Ok oo.
That Polaris bank sef. Is it not last year it changed its name from Skye Bank?
It have been involved in too many mergers and change of names till it seems to me like Ashawo bank.
If it were to be a woman, it would been recoded to have married too many husbands.

Don't discuss what you do not understand. Nigerian fooool
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by gnykelly(m): 7:56am On Mar 14, 2020
is it a curse that Nigerians will not be able to manage anything.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Cyberterror: 7:56am On Mar 14, 2020
LilPeezy:
Just accept the insult....you really don't have sense
You are a bigger fool.

5 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Icon4s(m): 7:56am On Mar 14, 2020
ITbomb:
Polaris don suffer

From AfriBank to Mainstreet to Skye to Polaris and finally to First Bank

Skye/Polaris bank was never Afribank or Mainstreet bank

6 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Abayhormy(m): 7:56am On Mar 14, 2020
serendipityF:
For those of you saying mega acquisition. No that's not the case, they are merging not like first bank is acquiring them the way access bank acquired diamond bank oo. First bank is not all that powerful
Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.

2 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Judolisco(m): 7:57am On Mar 14, 2020
CharleyBright:
Ok oo.
That Polaris bank sef. Is it not last year it changed its name from Skye Bank?
It have been involved in too many mergers and change of names till it seems to me like Ashawo bank.
If it were to be a woman, it would been recoded to have married too many husbands.
iswr from afribank to Mainstreet to Skye and now Polaris
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Powersurge: 7:58am On Mar 14, 2020
ITbomb:
Polaris don suffer

From AfriBank to Mainstreet to Skye to Polaris and finally to First Bank


Thank God that the system put in place by formal CBN management makes it VERY difficult for banks to liquidate. Else, people's money would gone down the drain.

5 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by zakir007(m): 7:58am On Mar 14, 2020
Ugo4hotish:


Don't discuss what you do not understand. Nigerian fooool
grin grin grin grin
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Judolisco(m): 7:58am On Mar 14, 2020
Icon4s:


Skye/Polaris bank was never Afribank or Mainstreet bank
do ur research well bro

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Alezy(m): 7:59am On Mar 14, 2020
Abayhormy:

Don't mind how the press is painting it. Polaris and Heritage failed the stress test by CBN, and CBN have opened them up to be acquired by a capable bank, which Firstbank is. Firstbank however have not yet concluded on buying them. But the press wants to make quick gains on this, considering the popularity of Firstbank.
oh okay
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by kristana(f): 8:01am On Mar 14, 2020
originalomobaba:
I love FirstBank. They remain the best bank in the country. You can withdraw to N100 on savings. Their customer service is excellent.




Customer service excellent? It must be another first bank!

4 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Nickymezor(f): 8:02am On Mar 14, 2020
Hmmmm
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bamibor: 8:05am On Mar 14, 2020
dominique:


Where will you put GTB? The strongest of them all

Strongest by what metrics of measurement sir. Get your facts right abeg...

10 Likes 2 Shares

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by johnmattew: 8:06am On Mar 14, 2020
Mutemenot:
It shall come to a time our banks will be narrowed to 4, namely UBA, Zenith, FBN and Access banks
Ecobank too.... that bank is the only pan African bank in naija

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bamibor: 8:07am On Mar 14, 2020
serendipityF:
For those of you saying mega acquisition. No that's not the case, they are merging not like first bank is acquiring them the way access bank acquired diamond bank oo. First bank is not all that powerful

People just talk out of assumptions, so FBN with over 5trn in assets and No 2 in total deposit base is not that strong. Try to study a little before you talk so you don't sound too shallow.

14 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by AK481(m): 8:07am On Mar 14, 2020
Mutemenot:
It shall come to a time our banks will be narrowed to 4, namely UBA, Zenith, FBN and Access banks

Union bank stand gidigba

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by onyxo76(m): 8:08am On Mar 14, 2020
so what happens if I have an account with both banks. do I retain the 2 or merge the Polaris with the first bank
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Newtononline(m): 8:08am On Mar 14, 2020
GOFRONT:
A firstbank that I cannot withdraw my last 1K, is that one a firstbank?



We are talking Sterlingbank, you are talking Firstbank....


That's not true any more. First Bank's minimum balance is now 100Naira

6 Likes 1 Share

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