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AI brief of an SEC Form 8-K · FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)

First Citizens completes 138-branch BMO acquisition, adding $5 billion in deposits

Neutral Impact 4 of 5 m&a Written later

First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, completed its previously announced acquisition of 138 branches from BMO Bank N.A. effective September 4, 2026. The bank assumed approximately $5 billion in deposits and $650 million in loans, and the filing says the branches expand its footprint across the Midwest, Great Plains and West.

Key points

  • 138 branches acquired from BMO Bank N.A., effective September 4, 2026
  • Approximately $5 billion in deposits and $650 million in loans assumed
  • Bank now serves clients through more than 600 branches and offices nationwide, with more than $225 billion in assets
  • Approximately $1 million to be invested in communities over 2026 and 2027

The filing

CompanyFIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
Form8-K, current report
Filed with the SECSep 8, 2026, 8:25 AM ET
Accession number0000798941-26-000034

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.