{"id":16952,"date":"2026-09-05T05:13:44","date_gmt":"2026-09-05T05:13:44","guid":{"rendered":"https:\/\/turkeynews24.com\/index.php\/2026\/09\/05\/bmo-completes-sale-of-138-u-s-branches-to-first-citizens-bank\/"},"modified":"2026-09-05T05:13:44","modified_gmt":"2026-09-05T05:13:44","slug":"bmo-completes-sale-of-138-u-s-branches-to-first-citizens-bank","status":"publish","type":"post","link":"https:\/\/turkeynews24.com\/index.php\/2026\/09\/05\/bmo-completes-sale-of-138-u-s-branches-to-first-citizens-bank\/","title":{"rendered":"BMO completes sale of 138 U.S. branches to First Citizens Bank"},"content":{"rendered":"

\"302450\"\/<\/a>\t\t\t \t\t\t \"301656\"\/<\/a>\t\t\t \t\t\t \t\t \t\t \t\t BMO completes sale of 138 U.S. branches to First Citizens Bank<\/p>\n

BMO sells U.S. branches<\/h2>\n

\"A A person makes their way past the Bank of Montreal (BMO) building in the Financial District of Toronto, on Monday, Aug. 14, 2023. THE CANADIAN PRESS\/Spencer Colby <\/p>\n

BMO Financial Group says it has completed the sale of 138 branches in the United States to First-Citizens Bank & Trust Co.<\/p>\n

BMO says the transaction supports its strategy to optimize its U.S. network and focus on markets with long-term growth potential.<\/p>\n

The branches involved in the sale are located in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, as well as select branches in Minnesota, Oregon and Illinois.<\/p>\n

The sale was initially announced in October of last year along with a plan to open 150 new branches over five years, focused on growth in California but not limited to the state.<\/p>\n

BMO has said it plans to open seven branches this year in Greater Los Angeles, the Bay Area and San Diego.<\/p>\n

Under the previously announced terms of the deal, First Citizens Bank assumes about US$5.7 billion in deposits and purchases about US$1.1 billion in loans.<\/p>\n

This report by The Canadian Press was first published Sept. 4, 2026.<\/p>\n

Companies in this story: (TSX: BMO)<\/p>\n

More Business News<\/a>
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