First Citizens Bank to acquire 138 branches from BMO Bank N.A.

First Citizens Bank, a banking company and a subsidiary of First Citizens BancShares, agreed to acquire 138 branches from BMO Bank N.A., a banking subsidiary of the Bank of Montreal. Financial terms were not disclosed. "We are enthusiastic about this opportunity to expand into new markets and offer our client-centered approach in even more regions. This deposit franchise is solid, and we look forward to serving individuals and business clients in these areas," Frank B. Holding Jr., First Citizens Bank, Chairman and CEO.