First Atlantic Bank
First Atlantic Bank is universal bank in Ghana. It is licensed as a commercial bank, by the Bank of Ghana, the central bank and national banking regulator.
Location
The bank headquarters are located at 1 Seventh Avenue, Ridge West, in Accra, Ghana's capital and largest city. The geographical location of the bank's headquarters are 05°33'25.0"N, 0°12'16.0"W.Overview
As of 30 September 2019, the bank controlled assets valued at GHS:2.42 billion, with shareholders' equity of GHS:518.4 million. As of May 2019, the bank maintained 41 networked branches, 65 automated teller machines, and 260 point of sale devices, in all regions of Ghana.History
The Bank was started in 1996 as a merchant bank and operated mainly in Accra. In 2011 the Bank of Ghana granted it universal bank status. In September 2017, the Bank of Ghana directed all universal banks in Ghana to raise their minimum capital reserves from GHS:120 million to GHS:400 million. In December 2018, First Atlantic Bank merged with Energy Bank Ghana, to meet new capital guidelines, mandated by the Bank of Ghana. The name of the merged entity remained First Atlantic Bank LimitedOwnership
The shares of stock of First Atlantic Bank are privately owned by individuals and corporate entities. The shareholders in the bank, as of 31 December 2018, are as illustrated in the table below.| Rank | Shareholder | Percentage | Notes |
| 1 | Kedari Nominees Limited | 58.09 | |
| 2 | A.A. Global Investments Limited | 13.58 | |
| 3 | AFIG Fund | 18.71 | |
| 4 | Sir Sam Jonah | 2.06 | |
| 5 | FABL Ownership Scheme | 1.68 | |
| 6 | Allied Investment Company Limited | 1.56 | |
| 7 | J. E. Amakye, Jnr. | 1.40 | |
| 8 | Kwaku Akosah-Bempah | 1.07 | |
| 9 | F. M. Plastechnic Limited | 0.72 | |
| 10 | Buck Investments Limited | 0.42 | |
| 11 | Jude Arthur | 0.23 | |
| 12 | Odun Odunfa | 0.20 | |
| 13 | Wilkins Investments | 0.15 | |
| 14 | Estate of the late Holdbrook Arthur | 0.13 | |
| Total | 100.00 |