BMO Completes Sale of 138 U.S. Branches to First Citizens Bank

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BMO Financial Group completed the sale of 138 U.S. branches to First Citizens Bank. The branches are spread across several Midwestern and Western states, including North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, Minnesota, Oregon, and Illinois. BMO says the deal supports its plan to optimize its U.S. financial center network and shift resources toward markets with stronger growth potential. The company also notes that it continues to invest in digital and AI capabilities to improve client experiences and automate operations.

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