First Citizens Bank Completes Midwest and West Branch Acquisition
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
First Citizens Bank completed the acquisition of 138 branches from BMO Bank N.A. on September 4, 2026, across the Midwest, Great Plains, and West regions of the U.S. In its third quarter 2026 earnings report, First Citizens BancShares noted that performance exceeded expectations, driven by strong top-line growth and accelerated loan and deposit growth.
From prnewswire.com
Why it matters
The acquisition allowed First Citizens Bank to assume approximately $4.9 billion in deposits and acquire about $650 million in loans. The parent company, First Citizens BancShares, also announced a new share repurchase plan authorizing the purchase of up to $1.2 billion of Class A common shares through 2027.
From prnewswire.com
Who's involved
- First Citizens BankCompleted the acquisition of 138 branches from BMO Bank N.A.
- First Citizens BancSharesThe financial holding company and parent entity of First Citizens Bank
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Old National BankSpeculative
Old National Bank might face increased competitive pressure and challenges to its market share in the Midwest.
- ColoradoSpeculative
Colorado might see expanded banking presence and increased credit availability in the West region.
- WisconsinSpeculative
Wisconsin might see expanded banking presence and increased credit availability in the Midwest region.
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The entities involved
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First Citizens Bank
bank based in Raleigh, North Carolina, United States
Nothing else this week.
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Midwest
town in Natrona County, Wyoming, United States