First Citizens Bank Expands Footprint with Acquisition of 138 BMO Branches

October 17, 2025 - 17:29

First Citizens Bank has reached an agreement to acquire 138 branches from BMO, a move that significantly enhances its presence across 11 states. This strategic acquisition is part of First Citizens' broader growth strategy, allowing the bank to tap into new markets and serve a larger customer base.

The deal not only reflects First Citizens' commitment to expanding its operations but also signals the bank's confidence in the potential for growth within the regions involved. By integrating these branches, First Citizens aims to leverage its existing resources and expertise to offer improved services and products to customers in these areas.

The acquisition is expected to be completed in the coming months, pending regulatory approvals. As First Citizens Bank continues to grow, it remains focused on maintaining strong customer relationships and delivering exceptional banking experiences. This latest move underscores the bank's ambition to become a leading financial institution in the U.S. banking landscape.