[3] The entity from which the bank was founded, City Securities Limited (CSL), was established in 1977 by the late Oloye Subomi Balogun, the Otunba Tunwashe of Ijebu, a Yoruba traditional aristocrat.

[5] A new subsidiary, FCMB Capital Markets Limited, was formed to support its corporate finance activities.

[12] In February 2012, following regulatory approval, FCMB acquired 100% shareholding and began the integration of Finbank in its existing operations.

[18] FCMB’s SME Advisory Service provides SMEs with market intelligence, technical assistance, and intervention funds.

[21] By 2021, it had provided over N23 billion loan guarantees to SMEs with inadequate collateral coverage or those in a start-up stage.

[21] In 2021, FCMB received a $50 million loan from the African Development Bank (AfDB) to support the agribusiness, manufacturing, healthcare and renewable energy sectors, with 30% of the funds going to women-owned businesses.

[22] It also received a $10 million loan from Oikocredit to fund agricultural businesses, especially in low-income areas impacted by the COVID-19 pandemic.

[23] FCMB has several programs in the agribusiness industry to help provide better access to finances, research, and manpower development.

[24] As of May 2021, the bank had helped  100,000 farmers increase food production through partnerships with individuals, groups, and other stakeholders.

[24] In March 2019, FCMB launched SheVentures, a program that helps women-owned or managed SMEs access financing, training, mentoring, and networking.

[33] In 2021, FCMB executed credit enhancement agreements worth N20.9 billion to support renewable energy projects in Nigeria.

[38][39] Balogun serves on the board of several FCMB Group companies, chairs the board of Credit Direct Limited, and serves as Chairman of Tenet Investment Company and Chairman of Legacy Pension Managers Ltd.[40] In January 2021, Yemisi Edun, FCMB’s executive director and chief financial officer, was named Acting Managing Director after the managing director at the time, Adam Nuru, stepped down.