First Citizens to acquire 138 BMO branches in 11 states, assume $5.7B deposits

FIRST CITIZENS BANCSHARES INC /DE/

Transaction includes $5.7B in deposit liabilities and $1.1B in loans from BMO Bank N.A.
Branches span Midwest, Great Plains and West, adding presence in 8 new states plus select locations.
Expected close mid-2026, subject to regulatory approvals and customary conditions.
CEO Frank B. Holding Jr. cites solid deposit franchise and enhanced liquidity positioning.

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