First Citizens Bank Completes Acquisition of 138 BMO Bank Branches

Key Facts

1First Citizens Bank announced the successful conversion of 138 branches acquired from BMO Bank N.A.

2The acquisition included the transition of associated client accounts to First Citizens Bank platforms.

In a move reflecting the ongoing consolidation within the U.S. regional banking sector, First Citizens Bank has announced the successful conversion of 138 branches acquired from BMO Bank N.A. This final phase included the transition of all associated client accounts to First Citizens' platforms, effectively expanding the bank's operational reach across the Midwest, Great Plains, and Western regions.

This integration solidifies First Citizens' position as a top 20 U.S. financial institution, with the bank now managing over $225 billion in assets through a network of more than 600 branches. According to reports, the acquisition brought in approximately $5 billion in deposits and $650 million in loans, while the bank committed to investing $1 million across its new markets through 2027 to support local community engagement.

Looking at recent economic data from early September 2026, investors are monitoring the banking sector's health alongside broader indicators such as the ISM Manufacturing PMI, which printed at 54.6. While current price levels for FCNCA are unavailable at this time, market participants will be watching how this geographic expansion impacts the bank's scale and earnings in upcoming financial cycles.