FBC and ZB Building Society licenses canceled after mergers

Licenses got pulled after clean mergers, deposits stayed safe, and nobody went bust.

Licenses canceled after mergers

• Deposit Protection Corporation confirmed license withdrawals.
• FBC Building Society folded into its parent bank.
• ZB Building Society followed the same consolidation path.

What happened at FBC

• FBC Holdings Limited got merger approval.
• Consolidation linked the society with FBC Bank Limited.
• License cancellation landed on December 30, 2025.
• Deposits rolled over without payout triggers.

What happened at ZB

• ZB Financial Holdings pushed a one-bank structure.
• Assets covered depositor balances during the shift.
• Deposits moved into ZB Bank.

Depositor protection angle

• Deposit coverage stayed active post-transfer.
• No insolvency flags tripped anywhere.
• Compensation rules never kicked in.

Regulator stance going forward

• Oversight continues through the transition.
• Depositor rights stay front and center.
• Balance sheet strength is the stated goal.