BMO completes sale of 138 US branches to First Citizens Bank
BMO•Branch sale closes
BMO said the sale of 138 U.S. branches to First Citizens Bank has closed, shifting the locations to the buyer.
The branches span several Midwestern and Western states, including the Dakotas, Nebraska, Kansas, Missouri, Oklahoma, and Idaho.
The transaction aligns with BMO’s plan to streamline its U.S. branch network and redeploy capital toward higher-engagement growth markets.
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