Spring Bank Plc came into being on February 1, 2006 following the merger of six banks: ACB International Bank Plc, Citizens International Bank Plc, Fountain Trust Bank Plc, Guardian Express Bank Plc, Omega Bank Plc and Trans International Bank Plc.

Although the merger was induced by regulation, the primary objective was to create a leading Nigerian bank with capacity to compete internationally. The combined entity has shareholders' funds of N34.5 billion, total assets and contingents of over N152 billion and 183 functional branches, which is expected to reach 250 in the next 24 months. Spring Bank Plc presently ranks among the top 10 banks in Nigeria, especially, by balance sheet size and branch network.