Keystone Bank Limited (“Keystone” or the “Bank”) was granted a commercial banking license in 2011 by the Central Bank of Nigeria (CBN) as a successor bank to the erstwhile Bank PHB. The Bank currently has 154 branches, in addition to two (2) international subsidiaries and one (1) local insurance company inherited from the predecessor bank. The subsidiaries include: Keystone Bank Liberia; Keystone Bank, Sierra Leone; and KBL Insurance. Following the successful completion of AMCON’s divestment from the Bank, a 5-man Transitional Board was set up to oversee the repositioning of the Bank for growth and competitiveness. The transitional arrangement was successfully concluded on August 15, 2017 with the assumption of office of the substantive MD/CEO. The appointment of a substantive board and executive members marks a major milestone in a seamless transition process, and is a pointer to the focused and professional approach to governance that Keystone Bank is now known for.