Bank of Montreal Considers U.S. Branch Sale With $6B in Deposits

Key Takeaways Bank of Montreal is exploring the sale of some U.S. branches with about $6B in deposits.The sale may involve branches in Wyoming and the Dakotas, along with related loans.The move follows BMO's $16.3B Bank of the West acquisition, adding 500 branches in 2023.Bank of Montreal (BMO) recently initiated a process to sell some of its U.S. branches, which hold approximately $6 billion in deposits, per the Wall Street Journal, as cited by Reuters, citing people familiar with the matter. The move high ...