The bank said it will open 150 new branches in the U.S. over five years, especially in the Golden State. (The Logic)
Skip to content
The bank said it will open 150 new branches in the U.S. over five years, especially in the Golden State. (The Logic)
Talking point: BMO has entered into a definitive agreement with North Carolina’s First Citizens Bank, which will assume US$5.7 billion in deposits and buy about US$1.1 billion in loans. The value of the deal was not disclosed, but First Citizens will acquire branches mostly in the Midwest and Western regions. The deal allows it to “focus on markets with the greatest potential for long-term growth,” Aron Levine, BMO U.S. president, said in a statement. Levine joined the bank this summer, leaving the Bank of America after more than three decades. His appointment was part of a broader executive shuffle as the bank looks to increase its U.S. presence.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Willie Gagnon is tired. So is Canada’s shareholder activism movement
Briefing
Canada’s auctions long-term bonds at highest yield since 2007
Mila and Mozilla launch project to make it easier to use open source AI
Alberta will revise its oil royalty regime to encourage new production
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
