First City Monument Bank (FCMB) has expanded its presence with the opening of a new branch in Ogbomoso, a move aimed at boosting financial inclusion and supporting local economic growth.
The newly launched branch, situated along the Ogbomoso-Ilorin road, was inaugurated on March 12, 2025, in a ceremony attended by local leaders, the bank confirmed in a statement.
Enhancing Economic Growth
Speaking at the event, the Soun of Ogbomoso, Oba Ghandi Olaoye, described the branch as a significant milestone for the town. He emphasized the potential of FCMB’s presence to accelerate local business growth and financial accessibility.
“This marks a pivotal moment for our town. FCMB’s innovative approach will provide citizens and businesses with essential financial services, supporting our long-term economic development goals. We welcome this collaboration and look forward to the expansion of FCMB’s presence in Ogbomoso,” the monarch said.
Similarly, the Chairman of Ogo-Oluwa Local Government, Seun Ojo, highlighted the importance of FCMB’s expansion in improving financial access. He urged the bank to continue reaching more communities, reinforcing local economies.
Commitment to Financial Inclusion
FCMB’s Managing Director, Mrs. Yemisi Edun, represented by the National Head of Sales, Mr. Emmanuel Comla, reaffirmed the bank’s commitment to fostering inclusive growth.
“Ogbomoso is a city of industrious people with a clear vision for its future. While digital banking is transforming financial services, physical branches remain crucial in directly supporting communities. This new branch will drive economic opportunities, strengthen partnerships, and grow with the people of Ogbomoso,” she stated.
The bank’s Group Head of Operations and International Trade Services, Mr. Ademola Idowu, further noted that the branch is equipped with modern banking technology and runs on renewable energy. He emphasized its role in facilitating business expansion and trade development within the region.
As a subsidiary of FCMB Group, First City Monument Bank continues to invest in initiatives that promote economic inclusion and sustainable growth across Nigeria.
