Core Viewpoint - Bank of Montreal (BMO) has initiated the process of selling some of its U.S. branches, which hold approximately $6 billion in deposits, as part of a strategy to optimize its operations following a significant acquisition [1] Company Summary - BMO is evaluating the sale of certain regional branches, considering exits from states like Wyoming and North Dakota, with potential sales being either whole or in parts [1] - The bank declined to comment on the matter when approached for a statement [1] - In 2023, BMO completed the acquisition of West Coast Bank, a subsidiary of BNP Paribas in the U.S., for $16.3 billion, marking its largest transaction to date [1] Industry Context - The banking industry is witnessing a shift as customers increasingly prefer online and mobile banking services, prompting institutions to optimize resource allocation by selling or closing overlapping branches after major acquisitions [1]

Core Viewpoint - Bank of Montreal (BMO) is considering selling some of its U.S. branches, particularly in Wyoming and the Dakotas, following its recent acquisition of Bank of the West, which expanded its U.S. presence significantly [1][3]. Group 1: Branch Sales - BMO is reportedly looking to sell branches either together or in clusters, potentially including loans along with deposits [2]. - The sales process has been initiated, but plans are not finalized, and the sales may not occur [2]. - This move is not uncommon for banks after a significant acquisition, as they often reassess their branch networks [3]. Group 2: Recent Acquisitions - BMO's acquisition of Bank of the West, finalized in February 2023, added approximately 500 branches, bringing its total U.S. branches to around 1,000 [3][5]. - The acquisition deal was valued at $16.3 billion and provided BMO with access to 1.8 million new customers and key growth markets in California [4]. Group 3: Future Plans and Developments - BMO is also expanding its wealth management capabilities through the planned acquisition of Burgundy Asset Management for about $625 million, expected to close by the end of 2025 [6]. - New offerings are being developed in collaboration with Mastercard, including a travel rewards card and an expanded money transfer service [7].

Core Viewpoint - Bank of Montreal (BMO) is considering selling some of its U.S. branches, particularly in Wyoming and the Dakotas, following its recent acquisition of Bank of the West, which expanded its U.S. presence significantly [1][3]. Group 1: Branch Sales - BMO is reportedly looking to sell branches either together or in clusters, potentially including loans along with deposits [2]. - The sales process has been initiated, but plans are not finalized, and the sales may not occur [2]. - This move is not uncommon for banks after a significant acquisition, as they often reassess their branch networks [3]. Group 2: Recent Acquisitions - BMO's acquisition of Bank of the West, finalized in February 2023, added approximately 500 branches, bringing BMO's total U.S. branches to around 1,000 [3][5]. - The acquisition was valued at $16.3 billion and provided BMO with access to 1.8 million new customers and key growth markets in California [4]. Group 3: Future Plans - BMO is also expanding its wealth management capabilities through the planned acquisition of Burgundy Asset Management for about $625 million, expected to close by the end of 2025 [6]. - New offerings are being developed in collaboration with Mastercard, including a travel rewards card and an expanded money transfer service [7].

Core Viewpoint - Bank of Montreal (BMO) has initiated a sale process for certain U.S. branches, which hold approximately $6 billion in deposits [2] Group 1: Company Actions - The sale process may include not only deposits but also loans associated with the branches [2]

Group 1 - Bank of Montreal has initiated a process to sell some of its U.S. branches, which hold approximately $6 billion in deposits [1]

Group 1 - The bank is looking to sell some of its U.S. branches, which hold approximately $6 billion in deposits [1]

Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, with a focus on banks, telecommunications, logistics, and hotels [1] - The popularity of insurance companies in the Philippines has influenced investment strategies, leading to diversification beyond traditional savings in banks and properties [1] - The trend of investing in blue-chip companies has evolved, with a broader portfolio now including various industries and market capitalizations [1] Group 2 - The entry into the US market has been marked by a growing awareness and understanding of market dynamics, facilitated by experiences such as acting as a personal broker for a relative [1] - The use of analytical tools and resources, such as Seeking Alpha, has enhanced comparative analysis between the US and Philippine markets, particularly in sectors like banking, hotels, and logistics [1]

Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, with a focus on banks, telecommunications, logistics, and hotels [1] - The popularity of insurance companies in the Philippines has influenced investment strategies, leading to diversification beyond traditional savings in banks and properties [1] - The investment approach has evolved from focusing solely on blue-chip companies to a more diversified portfolio across various industries and market capitalizations [1] Group 2 - The entry into the US market occurred in 2020, following a period of learning and analysis through platforms like Seeking Alpha [1] - The investor has holdings in US banks, hotels, shipping, and logistics companies, indicating a strategic approach to portfolio diversification [1] - The comparative analysis between the US and Philippine markets has been a key aspect of the investment strategy, enhancing market awareness and decision-making [1]

Core Insights - BMO Financial Group has appointed Rahul Nalgirkar as the new CFO, effective January 1, 2026, succeeding Tayfun Tuzun, who is expected to retire in early 2026 [1][7] - Nalgirkar has been with BMO since 2022, previously serving as group CFO at Fifth Third Bancorp, and will also serve as deputy CFO until his official promotion [2][3] - The bank aims to achieve a return on equity of 12% in the U.S., up from 8% as of late July [5][9] Leadership Changes - Nalgirkar will report to BMO CEO Darryl White and will be part of the executive management team, splitting his time between Toronto and Chicago [3][7] - The transition follows a series of leadership changes at BMO, including the recent hiring of Aron Levine as group head and president of BMO U.S. [11] Strategic Goals - BMO is focusing on enhancing profitability and capturing revenue synergies from its acquisition of Bank of the West, a $16.3 billion deal that closed in February 2023 [8][10] - The bank is investing in talent, technology, and its U.S. branch network to drive sustainable growth, with approximately 40% of its earnings generated from U.S. operations [12]

TORONTO, Sept. 10, 2025 /CNW/ - BMO Investments Inc. today announced a special reinvested distribution for unitholders of Active ETF Series of BMO Global Health Care Fund (Cboe Canada: BGHC) and BMO Global Infrastructure Fund (Cboe Canada: BGIF) (each, a "Fund" and collectively, the "Funds").The reinvested distributions for the Active ETF Series of BMO Global Health Care Fund and BMO Global Infrastructure Fund generally represent net realized capital gains and net income. They are not paid in cash, but are ...