FCMB is a popular Nigerian bank, officially known as the FCMB Group Plc. The bank began with a stock-broking firm called City Securities Ltd, which was founded in 1977 by a Yoruba traditional aristocrat, called Oloye Subomi Balogun, who is the Otunba Tunwashe of Ijebu. In 1982, another company, called First City Merchant Bank was licensed, thus becoming the first local bank in Nigeria to be established without government or foreign support. On the 20th of April, 1982, First City Merchant Bank was incorporated as a private limited liability company and was granted a banking license on the 11th of August 1983. In 2001, the name was changed from First City Merchant Bank to First City Monument Bank (FCMB), this ushered in the transformation of FCMB into a universal bank.
In 2004, the bank placed shares privately and raised over N7 billion naira. This was followed by a conversion of the company into a public liability company, after which the company was listed on the Nigerian Stock Exchange (NSE) in the same year. When the Central Bank of Nigeria stipulated the N25 billion naira share capital mandated for all banks, FCMB was able to raise over N16 billion naira and thus became one of the only 25 banks that were able to achieve the set goal. That same year, 2005, FCMB acquired a number of banks which includes Co-operative Development Bank, Midas Bank and Nigerian American Bank (former Nigerian subsidiary of Bank of Boston). The bank had 26 branches in 2005 and grew to 150 branches by 2007.
List of FCMB Branches in Lagos
Today, FCMB Group Plc is one of the leading financial services group, with headquarters in Lagos State, Nigeria. The group has operating companies in three business groups:
- Commercial and Retail Banking- Companies under this category are:
First City Monument Bank Limited
Credit Direct Limited
FCMB (UK) Limited
FCMB Microfinance Bank Limited
- Investment Banking- Companies under this category are:
FCMB Capital Markets Limited
CSL Stockbrokers Limited
- Asset & Wealth Management- Companies under this category are:
FCMB Pensions Limited
FCMB Asset Management Limited
FCMB Trustees Limited
FCMB is listed on the Nigerian Stock Exchange (NSE) with the ticker symbol (FCMB).
FCMB Group Plc now has 19,802,710,781 ordinary shares held by over 517,000 shareholders. First City Monument Bank Limited, the flagship company of the FCMB Group, has approximately 7.1 million customers and 206 branches all over the country. The group also has a banking subsidiary in the United Kingdom through FCMB Bank (UK) Limited. This article focuses on the list of FCMB branches and their locations in Lagos state only. Read on below:
FCMB Adeniran Ogunsanya Branch
Number 33, Adeniran Ogunsanya Street, Surulere, Lagos state
FCMB Adetokunbo Ademola Branch
Plot 719a, on Adetokunbo Ademola Street, Victoria Island, Lagos state
FCMB Airport Road Branch
Number 23/25, Muritala Muhammadu International Airport Road, Ikeja, Lagos state
FCMB Ajah branch
Km 23, Berger Bus stop, Lekki- Epe Expressway, Ajah, Lagos state
FCMB Alaba branch
Obosi Plaza, A-line at Alaba International Market, Alaba, Lagos state
FCMB Allen Branch
Number 36, Allen Avenue, Ikeja, Lagos state
FCMB Amuwo-Odofin Branch
Plot 123 Amuwo Odofin Road, Festac Link Bridge, Amuwo-Odofin, Lagos state
FCMB Apapa branch
Number 28 Creek Road, Apapa, Lagos state
FCMB Aspamda Ii Branch
Olusegun Obasanjo Hall, Aspamda, Trade Fair Complex, Badagry Expressway, Lagos state
FCMB Awolowo I Branch
Number 68 Awolowo Road, Ikoyi, Lagos state
FCMB Broad Street branch
Number 74/76 Broad street, opposite Methodist Church of Trinity, Tinubu square, Lagos state.
FCMB Gbagada branch
Number 42, Diya street, Ifako Gbagada, Lagos state
FCMB Head office branch
Primose tower, Number 17a, Tinubu street, Lagos state
FCMB Iddo branch
Levintis building, Number 2-4, Iddo Road at Iddo, Lagos state
FCMB Idimu branch
Number 218, Egbeda- Idimu Road, Idimu, Lagos state
FCMB Idumota branch
Number 22, Idoluwo Street, Idumota, Lagos Island
FCMB Ikeja GRA branch
Number 48, Isaac John street, Ikeja GRA, Lagos state
FCMB Ikeja local airport
Mma Zulu terminal, Domestic Airport, Ikeja, Lagos state
FCMB Ikorodu branch
Number 7 Lagos Road, Ikorodu, Lagos state
FCMB Ilupeju branch
Number 25b, Ilupeju Byepass, Off Coker junction at Ilupeju, Lagos state
FCMB Joseph Street branch
Number 2, Joseph Street, off Marina, Lagos Island, Lagos state
FCMB Ketu branch
Number 545/547 Ketu, Ikorodu Road, Lagos state
FCMB Lekki Admiralty way branch
Plot B, Block E12e, Admiralty way, Lekki, Lagos state
FCMB Lekki Chevron branch
Km 18, Lekki- Epe Expressway, before Chevron Roundabout, Lekki, Lagos state
FCMB Macarthy branch
Number 12, Macarthy Street, Onikan, Lagos state
FCMB Marina branch
Number 44 Marina Street, Lagos Island, Lagos state
FCMB Matori branch
Number 91, Ladipo street, Matori, Lagos state
FCMB Ogba branch
Number 23, Ogba Ijaiye Road, Opp Waec Office Ogba, Lagos state
FCMB Ogudu branch
Plot 111 Ogudu Gra,Ojota Road, Ogudu, Lagos
FCMB Oke-Arin branch
Number 11 Ijaiye Street, Oke Arin, Lagos
FCMB Okota branch
Number 117, Okota Road, Okota, Isolo, Lagos state
FCMB Oniru branch
The hive mall, Plot 16, T.F. Kuboye Road, Off new market road, Oniru, Lagos state
FCMB Orile Coker branch
Block 11, Suite 3-8, Agric market, Odun Ade bus stop at Orile Coker, Lagos state
FCMB Sanusi Fafunwa branch
Founder’s place, Number 2, Sanusi Fafunwa street, Victoria Island, Lagos state
FCMB Wharf Road branch
Eleganza plaza, Number 1, Wharf Road, Apapa, Lagos state
Yaba branch
Number 43 Ojuelegba Road, Surulere, Lagos state
Below is the list of financial services offered by FCMB bank in Nigeria:
Micro-lending
Asset management
Stock-broking
Trusteeship and custodial services
Foreign exchange
Personal banking
Corporate and commercial banking
Investment banking
Financial advisory
Debt & equity capital markets
Project & structured finance transactions
Transaction banking products
Cash management
Trade and liquidity management solutions to all sectors of the economy such as small to medium scale enterprises, corporate bodies, public sector and other financial institutions.
Subsidiaries of FCMB
First City Monument Bank has a number of non-bank subsidiaries, which are:
FCMB Capital Markets Limited – This company provides investment banking & advisory services in Lagos, Nigeria
FCMB (United Kingdom) Limited – This company provides investment banking services in London, United Kingdom
CSL Stockbrokers Limited – Provides stock brokerage services in Lagos state, Nigeria
FCMB Pensions Limited- Operates in Abuja, Nigeria
Credit Direct Limited – This company is involved in Microfinance lending in Lagos, Nigeria
FCMB Microfinance Bank