FCMB Increases Presence in Nigeria with New Branch

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First City Monument Bank (FCMB) has expanded its presence in Nigeria with the launch of a new branch in Ogbomosho, Oyo State. The new branch, located along the Ogbomosho-Ilorin road, was inaugurated on March 12, 2025, in a ceremony attended by local leaders.

According to the bank, the new branch is designed to boost financial inclusion and economic development in the region. The Soun of Ogbomosho, Oba Ghandi Olaoye, welcomed the bank’s presence, saying it would help local businesses grow.

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“This marks a pivotal moment for our town. We anticipate that FCMB’s innovative approach will give our citizens and businesses access to vital financial services and support, enabling us to successfully realise our 25-year development plan,” Oba Olaoye said.

“We are eager to collaborate with FCMB and look forward to the possibility of more branches in Ogbomosho, creating a mutually beneficial partnership,” he added.

The Chairman of Ogo-Oluwa Local Government, Seun Ojo, also praised FCMB’s presence, urging the bank to extend its reach to more communities to strengthen local economies.

The Managing Director of FCMB, Mrs Yemisi Edun, represented by the bank’s National Head of Sales, Mr Emmanuel Comla, said the bank remains committed to inclusive growth.

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“We’re excited to invest in Ogbomoso’s future. It is a city known for its industrious spirit. Under Kabiyesi Olaoye’s leadership, Ogbomoso has a clear 25-year growth plan, and we are proud to be part of that vision,” Mrs. Edun said.

“While digital banking is transforming the industry, physical branches remain essential for reaching everyone and directly supporting the community. This new branch will drive growth by creating opportunities and fostering partnerships. We are here to grow with you.”

The bank’s Group Head of Operations and International Trade Services, Mr. Ademola Idowu, disclosed that the branch is equipped with modern banking technology and runs on renewable energy.

He highlighted how the branch will support business and trade growth in Ogbomoso and its environs, providing customers with access to a wide range of financial services.

FCMB’s expansion into Ogbomosho is part of its strategy to promote financial inclusion and economic development across Nigeria. The bank continues to invest in financial services that promote economic inclusion and development.

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