First Citizens BancShares announced its agreement to acquire 138 branches from BMO Bank N.A., enhancing its market presence and financial position in key regions across the United States.

Information on the Target

First Citizens BancShares, Inc. (Nasdaq: FCNCA) is a prominent financial institution headquartered in Raleigh, North Carolina, with over $200 billion in assets, making it one of the top 20 banks in the United States. The company operates through its wholly owned subsidiary, First-Citizens Bank & Trust Company, which provides a broad array of banking services across the country. Recently, the bank has been making strides in expanding its footprint through acquisitions and enhancing its capital and liquidity positions.

On October 16, 2025, First Citizens Bank announced its agreement to acquire 138 branches from BMO Bank N.A., significantly bolstering its presence in the Midwest, Great Plains, and West regions of the United States. This acquisition includes approximately $5.7 billion in deposit liabilities and $1.1 billion in loans, marking a strategic move aimed at creating more value for stakeholders while positioning the bank for sustainable growth.

Industry Overview

The financial services industry in the United States has been navigating complex economic conditions, including fluctuating interest rates and increased regulatory scrutiny. With the ongoing c