DiscoverThe LatestBMO inks deal to sell 138 U.S. branches to First Citizens
BMO inks deal to sell 138 U.S. branches to First Citizens

BMO inks deal to sell 138 U.S. branches to First Citizens

Update: 2025-10-16
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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
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BMO inks deal to sell 138 U.S. branches to First Citizens

BMO inks deal to sell 138 U.S. branches to First Citizens

Allissa Kline