First Citizens BancShares to Acquire 138 BMO Bank Branches
First Citizens BancShares Inc. has agreed to acquire 138 branches from BMO Bank N.A., located in the Midwest, Great Plains, and West regions of the U.S. The deal involves assuming approximately $5.7 billion in deposit liabilities and acquiring about $1.1 billion in loans. The transaction is expected to close in mid-2026, subject to regulatory approvals and customary closing conditions.
First Citizens Bank, the wholly owned banking subsidiary of First Citizens BancShares Inc., has entered into an agreement to acquire 138 branches from BMO Bank N.A. The branches are located throughout the Midwest, Great Plains, and West regions of the U.S. As part of the deal, First Citizens Bank will assume approximately $5.7 billion in deposit liabilities and acquire about $1.1 billion in loans. The transaction is expected to close in mid-2026, pending customary closing terms and conditions and regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Citizens BancShares Inc. published the original content used to generate this news brief on October 23, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
