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First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks (54408 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 Bamibor: 8:09am 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.

Facts stated. And as a matter of fact, more acquisitions are in the pipeline as several banks have very weak backbone ( capital adequacy ratio et al).
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Ayhomes(m): 8:09am On Mar 14, 2020
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Thanks.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by LaIabobo: 8:09am On Mar 14, 2020
Judolisco:
do ur research well bro

Skyebank was never Afribank or MainStreet.

Skye was originally a merger of Prudent bank, Eko bank, Cooperative bank, and some other banks.

Then Skyebank took over MainStreet in 2014.

5 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Tareq1105: 8:09am 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 nko?
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by onyxo76(m): 8:10am On Mar 14, 2020
oldman112:
Wema bank is the best bank. Fully owned and operated by the north.
isn't it a south west bank,wemabod or something like that?

3 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bamibor: 8:12am On Mar 14, 2020
AK481:


Union bank stand gidigba

Don't be too sure sir cool
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by dfrost: 8:16am On Mar 14, 2020
NextD18:
GTB and Zenith remains the best bank!!

Na so paddy. Been banking with them for 16 year now. No regrets. smiley wink
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by kolexy(m): 8:16am On Mar 14, 2020
ITbomb:
Polaris don suffer

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

Mainstreet Bank was acquired by Skye bank. It wasn't a change of name

3 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by dfrost: 8:18am 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

So you intentionally removed GTB or you forgot?

2 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by BULLIONVAN4(m): 8:18am 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....

Not any more!
that policy no longer holds.

you can now withdraw your 900 and remain only but 100 naira.

5 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Jaymaestro(m): 8:18am On Mar 14, 2020
onyxo76:
isn't it a south west bank,wemabod or something like that?

It is. Don't mind him.

I Stan with UBA and Wema.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by niggi4life(m): 8:20am On Mar 14, 2020
LaIabobo:


Skyebank was never Afribank or MainStreet.

Skye was originally a merger of Prudent bank, Eko bank, Cooperative bank, and some other banks.

Then Skyebank took over MainStreet in 2014.

100% correct!!!

I kept wondering when Afribank acquired Skyebank
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by wink2015(m): 8:20am On Mar 14, 2020
CORRUPTION, BAD ADMINISTRATION AND POOR BUSINESS ENVIRONMENT KILL ALL THIS SMALLER BANKS.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Ayemileto(m): 8:21am On Mar 14, 2020
gnykelly:
is it a curse that Nigerians will not be able to manage anything.

Those managing UBA, GTB are Togolese abi?

9 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by CharleyBright(m): 8:21am On Mar 14, 2020
Ugo4hotish:


Don't discuss what you do not understand. Nigerian fooool

Why the abuse and name calling? Do you have personal beef ?
Since you dont want us to discuss about the bank, i guess u want us to join your Deaf and Dumb association.
A bigger fool is always quick to call another fool.
Silly Deaf Mute.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Ugo4hotish(m): 8:25am On Mar 14, 2020
CharleyBright:


Why the abuse and name calling? Do you have personal beef ?
Since you dont want us to discuss about the bank, i guess u want us to join your Deaf and Dumb association.
A bigger fool is always quick to call another fool.
Silly Deaf Mute.

Mad idiot... You'll not go and read your books...ewure
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by BULLIONVAN4(m): 8:25am 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.
Nope! it was announced yesterday via our fbn whatsapp group(anambra chapter), then it became the talk of the day at the office.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by efemena5050(m): 8:26am On Mar 14, 2020
ITbomb:
Polaris don suffer

From AfriBank to Mainstreet to Skye to Polaris and finally to First Bank
lol
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by F3dan: 8:26am On Mar 14, 2020
Powersurge:



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.
Former.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Icon4s(m): 8:28am On Mar 14, 2020
Judolisco:
do ur research well bro

You do your research.

Skye bank was never at any point Afribank or Mainstreet bank. Skye only acquired Mainstreet which metamorphosed from Afribank. Two years later AMCON took over Skye and named it Polaris.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Iwaniewa: 8:28am On Mar 14, 2020
dfrost:


So you intentionally removed GTB or you forgot?
All of u are shouting GTB. Abeg ooo wetin gtb get thousands of retail customers,and so
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Somatic(m): 8:29am On Mar 14, 2020
dominique:


Where will you put GTB? The strongest of them all

Zenith is actually stronger than GTB. Share capital size, total deposits,and overall profitability for over 3 years have consistently put Zenith on top of GTB.and other banks as the number 1 financial institution on Nigeria. Financials of 2019 widened the gap.
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Icon4s(m): 8:30am On Mar 14, 2020
LaIabobo:


Skyebank was never Afribank or MainStreet.

Skye was originally a merger of Prudent bank, Eko bank, Cooperative bank, and some other banks.

Then Skyebank took over MainStreet in 2014.


Exactly
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by CharleyBright(m): 8:30am On Mar 14, 2020
Ugo4hotish:


Mad idiot... You'll not go and read your books...ewure

You woke up and starting picking fights by putting your mouth where e no concern u and calling me Fool.
Do u abuse people so easy? You no get manners?
You will soon call your father goat before noon..

Go and take your usual drug.
Useless youth.

2 Likes

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bamibor: 8:30am On Mar 14, 2020
BULLIONVAN4:
Nope! it was announced yesterday via our fbn whatsapp group(anambra chapter), then it became the talk of the day at the office.

You did not get his comments. He's simply trying to debunk the inferred idea that FBN is getting into a merger because it needs saving whereas it is actually the one doing the saving by coming to the rescue of the two apparently distressed banks.

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by anonymousghost2(m): 8:32am On Mar 14, 2020
NextD18:
GTB and Zenith remains the best bank!!
Access bank
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by BULLIONVAN4(m): 8:33am On Mar 14, 2020
Bamibor:


You did not get his comments. He's simply trying to debunk the inferred idea that FBN is getting into a merger because it needs saving whereas it is actually the one doing the saving by coming to the rescue of the two apparently distressed banks.
Ok
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by qanda: 8:34am On Mar 14, 2020
Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Nobody: 8:34am On Mar 14, 2020
dominique:


Where will you put GTB? The strongest of them all
I swear people don dey run from FBN from the saucy staff to the annoying deductions and freezing of account. Common 20k dem fit freeze your account.

1 Like

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Chatflick(m): 8:34am 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.
First Bank representative spotted. Bank that has the worst service on earth

2 Likes 1 Share

Re: First Bank Confirms Merger, Acquisition Talks With Heritage And Polaris Banks by Bluffly: 8:35am On Mar 14, 2020
They should be specific if it is merger or acquisition. I think it is Merger with FBN having the higher stake and being the unbrella

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