FBNQuest Merchant Bank has formally confirmed the completion of its ownership transition, marking a new phase in the institution’s strategic direction.
The development follows the bank’s divestment from First HoldCo Plc and its acquisition by EverQuest Acquisition LLP, an investor consortium led by Custodian Investment Plc.
According to Afolabi Olorode, the acting managing director, the transition represents a pivotal moment in the bank’s evolution.
“This marks a defining milestone in the Bank’s journey, one that reflects our consistent performance, institutional strength, and long-term potential,” Olorode said.
He noted that the new ownership reinforces confidence in the bank’s trajectory and provides a strong foundation for its next phase of growth.
“As we move forward under new ownership, our focus remains unchanged: delivering exceptional value to stakeholders, deepening market leadership, and building a sustainable institution for the future.”
Olorode assured customers and partners that the bank remains fully operational, with all client services, existing relationships, and leadership structures continuing without disruption.
“We are grateful to all who have been part of this journey and remain committed to creating enduring value for our clients and stakeholders,” he added.
FBNQuest Merchant Bank expressed appreciation to its stakeholders for their continued trust and reaffirmed its commitment to stability, performance, and long-term growth as it enters a new chapter under EverQuest’s leadership.
