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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 6Bindeposits.ThesalemayinvolvebranchesinWyomingandtheDakotas,alongwithrelatedloans.ThemovefollowsBMOs6B 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 ...