Francis Mungai the chairman of Family Bank has died, his family has confirmed.
Before he was appointed chairman Mungai served on the board of Family Bank from 2016 and also served as Vice Chairman for two years.
Mungai also chaired the Board Credit Committee and the Board Human Resource Committee.
He was also a member of the Nominations and Governance Committee and a Director of Pesa Pap Digital, a subsidiary of Family Bank.
He took over as chairman from his long-serving predecessor Wilfred Kiboro.
According to Family Bank, Mungai died in the United States of America while undergoing treatment.
The bank mourned him in a statement and condoled with his family.
“We regret to inform you of the passing of our Chairman Architect Francis Gitau Mungai. We pass our deepest condolences to his family, friends, colleagues and the entire Family Bank fraternity. May his soul rest in eternal peace.” The Family Bank statement read.
Family Bank is a reputable financial institution with a rich history.
The bank was born out of the ambitious dreams of a man who had no banking experience.
When Titus Muya walked into the Treasury offices requesting a license to open a bank, people thought the idea was ludicrous.
His banking experience was simply non-existent and he had no capital.
In the early 80s, he became determined to either open a bank or start a company.
All he had was a vision, ambition and commitment.
Since his visits to the treasury were fruitless, a friend asked him to instead look for approval to start a building society.
This is how Family Finance Building Society was founded as a single outlet in Standard Building along Kenyatta Avenue in 1984.
