Civic Microfinance Bank Limited, Ibadan previously called Agodi Community Bank Nigeria Limited, is a fully Capitalized Tier-1 Unit MFB which was duly incorporated as a private limited liability company at Corporate Affairs Commission (CAC) on November 15th, 1993 but later transformed from Community Bank to Microfinance Bank on March 26th, 2008 and as well licensed by Central Bank of Nigeria (CBN) to carry on Microfinance Banking Business through a conversion programs on September 11, 2009.

Civic Microfinance Bank Limited was 100% and fully acquired and owned by Megamound Investment Limited on July, 2019 which fully recapitalized it in order to meet the CBN minimum Capital requirements for Tier-1 Unit MFB.