#United States #Raleigh #First Citizens #Midwest Expansion #BMO Bank

First Citizens Bank Expands Its Footprint Through Branch Acquisition

On September 4, 2026, First Citizens Bank achieved a significant milestone by successfully converting 138 branches previously owned by BMO Bank N.A. This strategic acquisition expands the bank’s presence across the Midwest, Great Plains, and Western U.S., marking a critical step in its growth strategy. The addition of these branches means First Citizens Bank now serves clients through more than 600 locations nationwide, underlining its commitment to accessibility and customer service.

This acquisition is not just a numerical growth but also a qualitative enhancement of First Citizens Bank’s service offerings. With the transition completed, the bank has acquired approximately $5 billion in deposits and $650 million in loans, significantly bolstering its financial strength. The bank's extensive network now includes locations in states such as North Dakota, South Dakota, Wyoming, and many others, facilitating a better outreach to both individual and commercial clients.

Frank B. Holding, Jr., Chairman and CEO of First Citizens Bank, emphasized that this expansion is not merely about size but about substance.

"Every decision we make starts with our clients," he stated, highlighting the bank’s relationship-first culture and commitment to serving communities effectively.

Strengthening Local Leadership

In conjunction with the expanded branch network, First Citizens Bank is committed to fortifying its regional leadership. The bank has appointed several experienced executives to oversee the new markets, including Nate Downie as Regional Executive Vice President for the Heartland, and Sharon Thompson for the Northeast Region.

These local leaders will leverage their expertise to deepen relationships with clients and enhance the bank’s service efficacy.

"We are investing in experienced local leaders because relationships remain at the heart of how we serve clients," asserted Hope Holding Bryant, Vice Chairwoman at First Citizens Bank.

Commitment to Community Investment

Further reflecting its dedication to the communities it serves, First Citizens Bank has pledged approximately $1 million in charitable investments across its newly expanded markets in the Midwest and West over the coming years. This financial commitment aligns with the bank's belief that thriving communities parallel prosperous client relationships.

The bank plans to collaborate with local nonprofit organizations and civic leaders to support initiatives that enhance community development on a sustainable basis. By investing in local partnerships, First Citizens aims to foster an environment where community and business can flourish in tandem.

About First Citizens Bank

Founded in Raleigh, North Carolina, First Citizens Bank has cultivated a legacy defined by stability, strength, and customer-centered banking. As a top 20 bank in the U.S. with over $225 billion in assets, the institution provides an array of financial services, ranging from personal and business banking to wealth management solutions. Its approach combines innovative banking practices with steadfast community engagement, making it a trusted institution for clients nationwide.

In conclusion, the acquisition of BMO Bank's branches marks a transformative chapter for First Citizens Bank, reinforcing its position as a leading financial institution dedicated to client relationships and community engagement. As they continue to grow, First Citizens Bank remains focused on helping its clients and the communities they serve thrive, reflecting a long-standing commitment to fostering financial stability and growth.