First Citizens Bank (Nasdaq: FCNCA) announced plans to acquire 138 branches from BMO Bank N.A., expanding its national footprint across 11 U.S. states, including North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, western Minnesota, eastern Oregon, and southern Illinois. The acquisition includes approximately $5.7 billion in deposits and $1.1 billion in loans, positioning the bank to enhance its liquidity and expand its client base in new regional markets.

Chairman and CEO Frank B. Holding, Jr. highlighted that the deal strengthens First Citizens’ growth strategy and reinforces its focus on customer-centered service. The transaction, expected to close by mid-2026 pending regulatory approval, marks another major step in First Citizens’ nationwide expansion following recent acquisitions that have elevated it to a top 20 U.S. financial institution with over $200 billion in assets.