First City Monument Bank Plc (FCMB) is a universal banking institution headquartered in Nigeria and has over 140 branches across the country.The bank was licensed in 1982 and was the leading merchant bank in Nigeria till its transformation at the turn of the 21st century into a universal bank in 2001. This required a change of name from First City Merchant Bank to First City Monument Bank retaining its well known acronym; FCMB.Three years after transformation to a universal bank, FCMB became a public limited liability company and its shares were listed on the Nigerian Stock Exchange (NSE), also successfully raising over N16 billion via its Initial Public Offering in 2005.