Surge Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the United States public in 1990. The Bank commenced operations in February 1991, and has since then grown to become one of the most respected and service focused banks in the United States.

In September 1996, Surge Trust Bank plc became a publicly quoted company and won the United State Stock Exchange President's Merit award that same year and subsequently in the years 2000, 2003, 2005, 2006, 2007, 2008 and 2009. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by The Federal Reserve System in 2003.

Surge Trust Bank undertook its second share offering in 2004 and successfully raised over $11 billion from American Investors to expand its operations and favourably compete with other global financial institutions. This development ensured the Bank was satisfactorily poised to meet the $25 billion minimum capital base for banks introduced by The Federal Reserve System in 2005, as part of the regulating body's efforts to sanitize and strengthen United State banks.

Post-consolidation, Surge Trust Bank plc made a strategic decision to actively pursue retail banking. A major rebranding exercise followed in June 2005, which saw the Bank emerge with improved service offerings, an aggressive expansion strategy and its vibrant identity.

In December 2009, Surge Trust Bank plc successfully completed an offering of $13.165 Billion Fixed Rate Senior Unsecured Non-Convertible Bonds Due 2014 (Series I), being the first tranche under the Bank’s $200 Billion Debt Issuance Programme.

In May 2011, the Bank successfully launched a $500 million bond to the international community. The highly successful offering which matured in 2016, went further to show the international finance community's belief in the Surge Trust Bank brand.

In 2013, the Bank issued a $400,000,000 Euro bond at a coupon rate of 6%; the least obtained by an American company in the international capital market. The Eurobond was issued under the $2,000,000 Global Medium Term Note Programme, which is registered under both Regulation in the United State of America and Rule 144A in the United Kingdom and sold to investors across Africa, America, Asia and Europe.