BMO to Exit Trucking Finance with Sale of Transportation Unit

BMO•2026-05-12

BMO is divesting its transportation finance group, the bank’s largest trucking lender, with transaction terms yet to be disclosed. The sale will eliminate a significant chunk of BMO’s commercial loan exposure and streamline its balance sheet ahead of regulatory reviews.

1. Sale Announcement

BMO has announced plans to sell its transportation finance group, which underwrites and services loans for trucking companies across North America. The divestiture is part of BMO’s strategic push to reduce concentration in specialized commercial lending and optimize its asset mix ahead of upcoming regulatory reviews.

Sources

BMOs transportation group, huge lender to trucking, is being sold

Finance

BMO to Exit Trucking Finance with Sale of Transportation Unit

1. Sale Announcement

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Sources

BMOs transportation group, huge lender to trucking, is being sold

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