In line with the Central Bank of Nigeria (CBN) directive of July 6, 2004 on bank capitalisation and consolidation, ACB International Bank Plc, Citizens International Bank Plc, Fountain Trust Bank Plc, Guardian Express Bank Plc, Omega Bank Plc, and Trans International Bank Plc merged to form Spring Bank Plc.Following a successful acquisition of over 51% stake in the bank by Bank PHB on December 18, 2008 Spring Bank Plc became a part of the Bank PHB Group. The synergy resulting from this union immediately places at the disposal of our customers the benefits of a wide branch network, an array of innovative, technologically driven products and services, delivered with passion as well as a sturdy and stable institution managed by capable hands in the industry.