BMO Completes Sale of U.S. Branches to First Citizens Bank
BMO Financial Group has completed the sale of 138 branches in multiple U.S. states, including North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, and select locations in Minnesota, Oregon, and Illinois, to First-Citizens Bank & Trust Company. This transaction aligns with BMO's strategy to optimize its U.S. financial center network by focusing on markets where the bank has strong client engagement and long-term growth potential. The move is expected to allow for better capital allocation and resource deployment in key areas of focus. BMO remains one of North America’s largest banks, holding $1.5 trillion in assets as of July 31, 2026.
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