BMO Financial Group has closed the sale of 138 branch locations to First-Citizens Bank & Trust Company.
The outlets involved in the deal are in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, along with selected branches in Minnesota, Oregon and Illinois.
BMO had first disclosed the agreement in October last year.
Under the agreement, First Citizens Bank is taking on about $5.7bn of deposit liabilities and purchasing roughly $1.1bn of loans.
At the time of initial announcement, the bank said it "welcomes the opportunity to work with new ******* ociates and clients in the regions."
#financial #company
The outlets involved in the deal are in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, along with selected branches in Minnesota, Oregon and Illinois.
BMO had first disclosed the agreement in October last year.
Under the agreement, First Citizens Bank is taking on about $5.7bn of deposit liabilities and purchasing roughly $1.1bn of loans.
At the time of initial announcement, the bank said it "welcomes the opportunity to work with new ******* ociates and clients in the regions."
#financial #company
2 months ago
