First Citizens Bank to Acquire 19 BMO Bank Branches in Kansas City Area

First-Citizens Bank & Trust has entered into an deal to acquire 138 branches in 11 states from BMO Bank, including all branches in the KCMO. Photo credit: Shutterstock (TippaPatt).

Posted October 23, 2025

North Carolina-based First-Citizens Bank & Trust announced that it has entered an agreement to acquire 138 branches from BMO Bank, including all 19 branches in the Kansas City area.

The acquisition deal involves adding BMO Bank locations in eight states across the Midwest, Great Plains and West regions. As part of the deal, First Citizens Bank will assume approximately $5.7 billion in deposit liabilities and acquire approximately $1.1 billion in loans, according to a release. 

Under the terms of the agreement, First Citizens Bank will purchase the branches in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, as well as select branches in western Minnesota, one branch in eastern Oregon and one branch in southern Illinois.

The deal is expected to close in mid-2026. Terms of the deal were not disclosed.

“We are enthusiastic about this opportunity to expand into new markets and offer our client-centered approach in even more regions,” First Citizens Bank Chairman and CEO Frank B. Holding, Jr. said in the release. “This deposit franchise is solid, and we look forward to serving individuals and business clients in these areas. Additionally, the net deposit position is expected to enable us to further enhance our liquidity position and provide additional flexibility to support our strategic initiatives.”