How it started
History
The bank was established in 2006, as First Inland Bank Plc, by the merger of four (4) indigenous financial services institutions namely: (a) First Atlantic Bank Plc, (b) Inland Bank Plc, (c) NUB International Bank Limited and (d) IMB International Bank. In September 2008, First Inland Bank rebranded as FinBank. In 2009, the Central Bank of Nigeria, found nine Nigerian commercial banks to be under-capitalized. FinBank was one of them. The Central Bank rescued the nine banks with bridge funding until permanent investors could be found to provide new capital to meet statutory limits. Suzanne Iroche became the CEO when Finbank's CEO and four other CEOs were dismissed on 13 August 2009 by the Central Bank of Nigeria.
In November 2010, both FinBank and First City Monument Bank (FCMB) announced that FCMB has expressed interest in acquiring shareholding and become the strategic investor in FinBank. In 2012, FinBank Merged with First City Monument Bank(FCMB). That merger was consummated on 9 February 2012 and was effected in October 2012, effectively closing the FinBank brand in Nigeria.
From Wikipedia’s article on FinBank, shared under CC BY-SA 4.0.2