10.18.25

First Citizens Bank Expands Again With New US Branch Deal

by: Brian Gordon

First Citizens Bank announced it will acquire 138 U.S. branches from Toronto’s BMO Bank, expanding into 11 Midwestern and Western states. The deal, which adds $5.7 billion in deposits and $1.1 billion in loans, marks another step in the bank’s rapid national growth following its 2023 purchase of Silicon Valley Bank. First Citizens CEO Frank Holding Jr. said the expansion aligns with the bank’s mission to bring its client-focused approach to new markets across the country.

Read the full article on Raleigh News & Observer