Access Bank Plc. has announced that further to its acquisition of a 75% controlling interest in Intercontinental Bank Plc., the Bank of Ghana has approved the change of control processes for Intercontinental Bank's operations within Ghana. It is intended that Intercontinental Bank Ghana (“IBG”) will be merged with Access Bank Ghana by the second quarter of 2012. Until then, both banks will operate as separate legal entities under the control and management of Access Bank Plc., complying with all legal and regulatory requirements, while meeting all obligations to customers and stakeholders. During the change of control board meeting at Intercontinental Bank Ghana, its Board of Directors reconstituted its membership upon the request of Access Bank Plc. Consequently, we are pleased to announce the reconstituted Board of Directors of Intercontinental Bank Ghana as follows: Herbert Wigwe - Chairman Obeahon Ohiwerei - Non-executive Director Yomi Akapo - Non-executive Director Isaac Sam - Non-executive Director Mawuli Ababio - Non-executive Director David Aluko, FCA - Managing Director "Ghana is a very important market for Access Bank Plc and we seek to become a key contributor and catalyst to its growth and economic development. The combination of both banks will result in a network of 33 branches, strong liquidity and very high levels of capital," David Aluko, Managing Director, IBG, said. "We are pleased to join the Access Bank family and are confident that as a subsidiary of this dynamic institution, Intercontinental Bank Ghana is poised for a transformational experience," a Non-Executive Director of IBG Mawuli Ababio noted.