First Citizens completes conversion of 138 acquired BMO branches

First Citizens Bank announced September 8 that it had completed the conversion of 138 branches acquired from BMO Bank N.A. on September 4. Associated client accounts have transitioned to First Citizens Bank platforms.

Conversion complete after the September 4 branch purchase

The update marks completion of the systems transition following the acquisition four days earlier. First Citizens assumed approximately $5 billion in deposits and $650 million in loans as part of the branch acquisition.

Deposits, loans, and a broader branch network

After the transition, First Citizens serves clients through more than 600 branches and offices nationwide. The disclosed footprint includes North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, western Minnesota, eastern Oregon and southern Illinois.

Local teams, regional leadership, and community commitment

The company said new clients will continue working with local bankers and teams while gaining access to broader First Citizens resources. Its announcement also included regional leadership appointments and a $1 million giving commitment tied to investment in local banking and communities.

How the disclosure frames First Citizens

The press release describes First Citizens Bank as a top 20 U.S. bank with more than $225 billion in assets. First Citizens BancShares reported the conversion milestone in a September 8 Form 8-K under Item 8.01, with the announcement included as Exhibit 99.1.