Chicago-based BMO sells 138 branches in 11 states to First Citizens Bank, including one in Illinois

In what it calls a strategic “branch optimization,” BMO also plans to open 150 banking locations over the next five years, with a focus on expanding in California.
American Banker

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

The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in ...