BMO to add over 145 branches in California and Arizona

Core Viewpoint - BMO plans to significantly expand its presence in California and Arizona by opening over 130 new branches in California and approximately 15 in Arizona, as part of a multi-year development strategy focused on regions with population and economic growth [1][3]. Group 1: Expansion Plans - BMO will open more than 130 new locations in California, increasing its branch presence in the state by over 50% [1] - The bank currently operates more than 220 branches in California [1] - In Arizona, BMO plans to establish around 15 new branches over the next five years, focusing on the Phoenix and Tucson areas [3] Group 2: Service Offerings - The new sites will serve as financial guidance centers, integrating personal and business banking, commercial banking, and wealth management services [2] - The aim is to enhance service access and support diverse financial needs within the communities [2] Group 3: Job Creation and Financial Position - The expansion is expected to create several hundred jobs within the next five years [3] - As of January 31, 2026, BMO Financial Group had total assets of $1.5 trillion, ranking as the eighth largest bank by assets in North America [3] Group 4: Leadership Statement - BMO US president Aron Levine emphasized the bank's commitment to clients and communities, highlighting the importance of face-to-face interactions for personalized financial guidance [4]