RCBank Announces New Account Numbers, Cheque Books for Former UTB Customers

1 week ago

Rokel Commercial Bank (RCB) has announced important updates for former Union Trust Bank (UTB) customers who have been successfully onboarded onto the RCB banking system following the integration of the...

Bank of Sierra Leone Reveals Financial Crisis Behind Union Trust Bank Liquidation

3 months ago

The Bank of Sierra Leone (BSL) has disclosed alarming details surrounding the collapse and subsequent liquidation of Union Trust Bank (UTB), revealing that the indigenous financial institution had been...

Former Union Trust Bank Executive Director Claims Unfair Treatment by Central Bank

3 months ago

The former Executive Director of Union Trust Bank (UTB),Wusu Bai Koroma, claimed that the Bank of Sierra Leone treated them unfairly when their bank was liquidated. Koroma made this claim during an interview...

Why Union Trust Bank Was Closed And Transferred to Rokel Commercial Bank – Bank of Sierra Leone Explains

3 months ago

The Bank of Sierra Leone (BSL) has provided detailed reasons behind the resolution of Union Trust Bank Limited (UTB), describing the move as a necessary regulatory intervention aimed at protecting depositors,...

Union Trust Bank Ceases Operations as Rokel Commercial Bank Completes Acquisition

3 months ago

Union Trust Bank (UTB) has officially ceased operations, with Rokel Commercial Bank (RCB) completing its acquisition of the struggling indigenous bank on June 17, 2026. The Bank of Sierra Leone (BSL)...

Labour Ministry Intervenes as UTB Staff Seek Clarity on Bank Transition

3 months ago

The Ministry of Employment, Labour and Social Security has stepped in to address concerns raised by employees of Union Trust Bank (UTB) amid the institution’s ongoing transition process. The intervention...

Who Is Looking Out for Sierra Leonean Businesses and Workers? – The Case of Union Trust Bank

3 months ago

Many Sierra Leoneans are deeply concerned about the current transition facing Union Trust Bank (UTB). Beyond the official statements, we must remember the human element: the workers, families, and customers...

Union Trust Bank Shareholders Challenges Bank of Sierra Leone Over RCBank Takeover

9 months ago

Shareholders of Union Trust Bank (UTB) have formally petitioned the Bank of Sierra Leone (BSL), requesting an immediate suspension of the central bank's decision to place UTB under a caretaker management...

Samura Kamara Questions Sale of Union Trust Bank Three Months After Founder’s Death

9 months ago

Opposition politician and former Governor of the Bank of Sierra Leone, Dr. Samura Kamara has raised concerns regarding the central bank's decision to place Union Trust Bank (UTB) in resolution less than...

RCBank to Assume Full Control of UTB

9 months ago

Rokel Commercial Bank (RC Bank) is set to take over the management of Union Trust Bank (UTB) after the latter was placed under resolution by the Bank of Sierra Leone (BSL), the central bank announced on...