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Market Impact: 0.2
BMO Completes Sale of 138 U.S. Branches to First Citizens Bank
Source: PR Newswire
Banking & LiquidityM&A & RestructuringCompany Fundamentals
BMO announced the completion of its sale of 138 branches to First-Citizens Bank & Trust Company. The deal was previously announced and is focused on branches in North Dakota and South Dakota (with additional locations referenced in the release). The announcement is more about portfolio restructuring than a major earnings or guidance change, implying limited near-term market impact.
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