First Citizens Bank Acquires BMO Branches, Expanding Nationwide Presence
First Citizens Bank has completed the acquisition of 138 branches from BMO Bank N.A., expanding its presence across key regions in the Midwest, Great Plains, and West. The transition was finalized on September 4, 2026, with First Citizens assuming approximately $5 billion in deposits and $650 million in loans as part of the deal. The acquisition strengthens First Citizens' position among top U.S. banks by increasing its branch count to over 600 nationwide. The bank is also appointing regional leaders across newly acquired markets, emphasizing a relationship-driven approach supported by local expertise and national resources. Additionally, First Citizens has committed $1 million in charitable investments for community development initiatives through 2027. Frank B. Holding Jr., CEO of First Citizens Bank, highlighted the strategic importance of this expansion as part of their long-term growth plan, focusing on client relationships and market-specific engagement.
