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BMO May Sell Some US Branches After Buying Bank of the West
PYMNTS.com· 2025-09-24 00:08
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].
X @OpenSea
OpenSea· 2025-09-17 17:20
Day 3 acquisitions for our new rewards program complete ✅The following have been added into the OpenSea rewards pool, alongside $10,000 in $SOL:1x CyberKongz1x Milady Maker1x CryptoDickButt5x Chimpers5x Sappy Seals5x mfers5x World of Women5x Checks5x Memeland Potatoz5x Nakamigos5x Forgotten Runes5x Goblintown5x Wolf Game ...
X @OpenSea
OpenSea· 2025-09-15 16:10
Rewards Program Update - New rewards program's Day 1 acquisitions are complete [1] - Approximately $1 million in $OP and $ARB have been added to the OpenSea rewards pool [1] NFT Acquisitions - The rewards pool includes 1 MAYC, 1 Chromie Squiggle, 1 Moonbird, 1 Azuki, and 1 Lil Pudgy [1] - The rewards pool also includes 5 Doodles, 5 Good Vibes Club, 5 Meebits, 5 Otherdeeds, and 5 Parallel Avatars [1] Upcoming Event - Treasure Chests are scheduled to go live later in the afternoon [1]