M&A
confidence high
sentiment positive
materiality 0.80
First Citizens completes 138-branch BMO acquisition, adds $5B deposits
FIRST CITIZENS BANCSHARES INC /DE/
- Completed acquisition of 138 BMO Bank N.A. branches effective Sept 4, 2026; assumed ~$5B deposits and $650M loans.
- Expansion adds presence in 11 states including ND, SD, WY, NE, KS, MO, OK, ID, western MN, eastern OR, southern IL.
- Bank now serves clients through 600+ branches; total assets >$225B.
- Appointed regional leaders: Nate Downie, Sharon Thompson, Stacie Bales Barton, Monica Hummel, Gary Piercy.
- Committed ~$1M in community giving across new markets over 2026-2027.