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.
Buying the branches, which span 11 states, furthers First Citizens’ effort to expand nationally, bank executives said. One ...
BMO's branch sale to First Citizens Bank appears to unwind a 2004 deal that left a BMO predecessor bank with a big presence ...
BMO's new branches will be "California-centric," while those First Citizens purchased are in the Midwest and Mountain West ...
BMO, with more than a dozen St. Louis-area branches, has included them as part of its deal to sell 138 locations.
The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in ...
A nationwide bank undergoes a branch sell-off, and three of them — with $276 million in deposits — are in the KC area.
Analysts weigh in on the pros and concerns of First Citizens acquiring 138 BMO branches two years after buying Silicon Valley Bank.
BMO to sell 138 branches in select markets, supporting redeployment of capital and resourcesPlans to open 150 new branches over next five years in core markets to support long-term client ...
TORONTO — BMO Financial Group has signed a deal to sell 138 BMO branches in the U.S. to First-Citizens Bank & Trust Co. as part of a plan to optimize its branch network.
First Citizens Bank recently acquired 138 BMO branches, including the two Pittsburg locations. The transaction is projected ...
Founded in 1817, the Bank of Montreal is Canada’s oldest bank. It’s the eighth largest bank in North America, with total assets of more than $1 trillion. BMO’s GIC offerings are in line with Canada’s ...