BMO sells 138 U.S. branches to First Citizens Bank to focus on growth markets

BMO Financial Group has completed the sale of 138 branches across several U.S. states to First Citizens Bank. This move is part of BMO's strategy to optimize its U.S. network and redirect resources to markets with stronger client engagement and growth potential. The sale covers branches in states including North Dakota, South Dakota, Wyoming, and others. BMO aims to enhance its focus on long-term growth while continuing to innovate and serve clients across North America.