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To further enhance the Bank's operational efficiency, this was reconfigured into sixteen Area Offices in 2003. In view of the foregoing, it was therefore, a natural progression when in 2001; the Bank began the process of transforming its corporate identity to reflect its rejuvenated focus. The transformation process which began in earnest in 2001 gained momentum in 2003 and was launched on Tuesday, April 27, 2004 with the introduction of a new corporate identity.

First Bank got listed on the Nigerian Stock Exchange (NSE) in March 1971 and has won the NSE President's Merit Award eleven times for the best financial report in the banking sector.

In line with the Bank's mission statement “remain true to our name by providing the best financial services possible” and its brand essence, “dependably dynamic”, the Bank will consistently transform itself as it forges ahead in its second century of qualitative banking to the nation.

Milestones
West Africa’s premier commercial bank, with:
–     Over 4.2 million customers
–     459 branches
–     Offshore operations in South Africa & the United Kingdom
–     Established 31 March 1894
–     Listed on the NSE since 1971
–     Over I million shareholders
–     Market capitalization of over NGN1 trillion at February 2008
–     Since 1894, First Bank has remained resilient, dependably dynamic and “truly the first”
–     Strategic intent is to assume CLEAR & UNASSAILABLE LEADERSHIP of the domestic banking and financial services landscape.

What services do you offer businesses and customers?

First Bank provides a wide spectrum of wholesale and retail banking services to their customers. Specifically, these include deposit accounts, international banking, corporate banking, consumer financing, funds transfer, electronic banking services, local and international correspondent banking services, loans, bureau de change, etc. First Bank is a major agent of Western Union Money Transfer Company. The Group’s business activities are structured along the following business lines:

Company Business Scope
FBN Bank (UK) Limited Commercial Banking
First Funds Limited Venture Capital
First Trustees Nigeria Ltd Trusteeship
Asset & Wealth Management
FBN Mortgages Ltd Mortgage Banking
FBN Capital Ltd Investment Banking
Asset Management
First Registrars Nigeria Ltd Registrarship
FBN Insurance Brokers Ltd Insurance Brokerage
First Pension Custodian Nigeria Ltd Pension Custodians
FBN Bureau De Change Currency Exchange

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