BMO completes sale of 138 U.S. branches to First Citizens Bank
- Posted on September 5, 2026
- By Google News
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- 1 min read
In brief
BMO Financial Group has successfully finalized the divestiture of 138 retail branches across the United States to First-Citizens Bank & Trust Co. This strategic transaction represents a significant restructuring of BMO's U.S. banking operations, allowing the Canadian financial institution to refocus its domestic presence while strengthening First-Citizens' regional footprint. The branch transfer marks an important milestone in BMO's portfolio optimization efforts within the competitive American banking sector.
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BMO completes sale of 138 U.S. branches to First Citizens Bank
BMO Financial Group says it has completed the sale of 138 branches in the United States to First-Citizens Bank & Trust Co.
