First Citizens BancShares, Inc. filed a Form 8-K on September 8, 2026, reporting that its wholly owned banking subsidiary, First-Citizens Bank & Trust Company, completed its previously announced acquisition of 138 branches from BMO Bank N.A., effective September 4, 2026.

Key Highlights

  • Acquisition completed: First-Citizens Bank & Trust Company closed the purchase of 138 branches from BMO Bank N.A. effective September 4, 2026.
  • Geographic scope: The acquired branches are located throughout the Midwest, Great Plains, and West regions of the U.S.
  • Subsidiary transaction: First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, Inc., was the acquiring entity.
  • Listed securities: First Citizens BancShares trades Class A Common Stock under NASDAQ:FCNCA, among other securities, on the Nasdaq Global Select Market.
  • Press release attached: A press release dated September 8, 2026 was filed as Exhibit 99.1 and incorporated by reference into the report.

First-Citizens Bank Closes BMO Branch Purchase Across Three U.S. Regions

According to the filing, First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, Inc. (NASDAQ:FCNCA), completed its previously announced acquisition of 138 branches from BMO Bank N.A. The transaction became effective September 4, 2026, and the current report was filed on September 8, 2026, under Item 8.01 (Other Events).

The filing identifies the branches as being located throughout the Midwest, Great Plains, and West regions of the United States. No additional financial terms of the transaction, such as purchase price or asset values, were disclosed in the body of the 8-K itself. The company noted that a press release dated September 8, 2026, providing further detail, was attached as Exhibit 99.1 and incorporated into the report by reference.

The filing was signed by Craig L. Nix, Chief Financial Officer of First Citizens BancShares, Inc. The report contains forward-looking statements, which the company described as subject to risks and uncertainties, including economic conditions, regulatory changes, interest rate decisions, and other factors outlined in the filing's cautionary language. BancShares stated that it "disclaims any obligation to update forward-looking statements" except as required by applicable laws or regulations.

What Was Disclosed

First Citizens BancShares filed an 8-K reporting that its banking subsidiary completed the acquisition of 138 BMO Bank N.A. branches across the Midwest, Great Plains, and West regions, effective September 4, 2026. A supporting press release was attached as Exhibit 99.1.