03.17.26

BMO Maps Out California Expansion With More than 130 Branches

by: Yizhu Wang

Bank of Montreal (BMO) is planning a major expansion in California, aiming to open more than 130 new branches there, along with about 15 in Arizona over the next five years. Several locations are set to launch this year across San Diego, Los Angeles and the San Francisco Bay Area. The move builds on BMO’s 2023 acquisition of Bank of the West and reflects efforts to strengthen its U.S. presence. The expansion also comes as California’s banking sector adjusts following the collapse of major regional lenders, creating opportunities for growth.

Read the full article on Bloomberg