# Union Trust Bank Shut Down After 31 Years

Page: https://stenobird.com/podcast/johannesburg-news-today-2-min-news-the-daily-news-now-7622176/union-trust-bank-shut-down-after-31-years
Text version: https://stenobird.com/podcast/johannesburg-news-today-2-min-news-the-daily-news-now-7622176/union-trust-bank-shut-down-after-31-years.md
Podcast: [Johannesburg News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/johannesburg-news-today-2-min-news-the-daily-news-now-7622176)
Published: 2026-06-18T09:51:48+00:00
Episode link: https://api.fastcast.ai/audio/c16bfc81-64fb-487c-949b-a34e5622f893.mp3
Audio file: https://api.fastcast.ai/audio/c16bfc81-64fb-487c-949b-a34e5622f893.mp3
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Duration seconds: 69

## Resource

Union Trust Bank, Sierra Leone’s only locally owned bank, has been shut down after five years of failed recovery efforts, declared insolvent by the central bank. Now owned by Rokel Commercial Bank — largely government-controlled — the bank’s 31-year legacy ends in controversy. Shareholders, furious at the abrupt closure, argue they had a rescue plan ready, including a local investor and proof of capital compliance, and are now fighting the decision in court — though legal progress remains stalled. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/cf7062cd9db525d5

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