BMO Financial Group completed the sale of 138 U.S. branches to First-Citizens Bank & Trust Company, known as First Citizens Bank, on Sept. 4, 2026. The branches are located in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, along with select locations in Minnesota, Oregon and Illinois. BMO said the transaction supports its strategy to optimize its U.S. financial center network and redeploy capital and resources to markets with strong client engagement and long-term growth potential. The Toronto- and Chicago-based bank had total assets of $1.5 trillion as of July 31, 2026, making it the eighth-largest bank in North America by assets.