The Bank was incorporated as a private limited liability company on june 17, 1992 and was granted a license to carry on the business of mortgage banking on November 29, 1993. It became a public limited liability company in February, 2008 and its shares were listed on the floors of the Nigerian Stock Exchange on November 23, 2009. The Bank continues to provide mortgage banking and other financial services to corporate and individual customers. Such services include granting of loans and advances, corporate finance and money market activities. The Bank's fully owned subsidiary; Resort Developers Limited carries on the business of real estate development, management and loan syndication as well as consulting services.