BMO Financial Group Finalizes the Sale of 138 U.S. Branches to First Citizens Bank

BMO Financial Group Concludes Sale of 138 U.S. Branches

In a significant move within the banking industry, BMO Financial Group has successfully finalized the sale of 138 branches across various states in the United States to First-Citizens Bank & Trust Company. This strategic transaction marks an important step in BMO's ongoing effort to enhance its U.S. operations and align its resources with areas of high client engagement and potential for long-term growth.

Strategic Shift in Focus

As part of its broader strategy, BMO is focusing on optimizing its network of financial centers across the U.S. This sale involves branches situated in states such as North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, and Idaho. Additionally, select branches in Minnesota, Oregon, and Illinois will transition to First Citizens Bank, allowing BMO to concentrate on markets that promise robust client interaction and growth opportunities.

The sale of these branches represents BMO's proactive approach to ensuring that it remains agile and competitive in a challenging financial landscape. By redeploying its capital and resources, BMO aims to reinforce its commitment to providing enhanced banking services where there is substantial demand and growth.

About BMO Financial Group

BMO Financial Group is recognized as the eighth largest bank in North America by assets, boasting a total of $1.5 trillion in assets as of the end of July 2026. With a rich history of over 200 years in client service, BMO offers an extensive range of personal and commercial banking solutions, wealth management, global markets, and investment banking products. The institution operates not only in Canada and the United States, but also in selected global markets, illustrating its commitment to serving a diverse clientele.

Embracing innovation is at the core of BMO's operations. The bank is leveraging advancements in technology, including the integration of human, digital, and artificial intelligence, to personalize client experiences, enhance team efficiency, and automate business processes responsibly.