FBNQuest Merchant Bank has officially entered a new phase as the institution completes its ownership change, moving from First HoldCo Plc to EverQuest Acquisition LLP, a consortium led by Custodian Investment Plc. The confirmation marks a significant shift for the bank and sets the tone for its next stage of growth.
Acting Managing Director, Afolabi Olorode, described the development as a milestone that captures the strength and resilience the bank has built over the years. He noted that while ownership has changed, the bank’s priorities remain firmly in place, stability, service excellence, and long-term value.
According to him, the transition is not expected to alter the bank’s operations in any way. All client services, leadership structures, and business relationships continue as normal. He assured customers that the bank is not only stable but positioned for stronger performance under its new investors.
Olorode also expressed deep appreciation to stakeholders who have supported the bank through its journey, adding that the new phase will focus on strengthening market leadership and expanding opportunities for customers and partners.
With the transition now complete, FBNQuest Merchant Bank says it is ready for a future defined by renewed confidence, strategic growth, and sustained performance under the EverQuest-led consortium.