sentences:  The entity from which the bank was founded City Securities Limited, was established in 1977 by Oloye Subomi Balogun, the Otunba Tunwashe of Ijebu, a Yoruba traditional aristocrat.First City Merchant Bank was incorporated as a private limited liability company on 20 April 1982 and granted a banking licence on 11 August 1983.It was the first bank to be established in Nigeria without government or foreign support.