Bank of Montreal (BMO) has launched a sale process for some of its U.S. branches with roughly $6B in deposits, according to The Wall Street Journal’s Ben Glickman and Gina Heeb, citing people familiar with the matter. The bank’s sale could include loans in addition to the deposits, said the sources, one of whom added that BMO has been looking to exit its presence in Wyoming and the Dakotas.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMO:
- UPS Stock (UPS) Is Downgraded Over Economic and Trade Concerns
- BMO Financial Group Announces CFO Transition
- Bank of Montreal Announces Pre-Stabilisation for GBP 600 Million Note Offering
- Bank of Montreal Launches $50 Billion Covered Bond Program
- Bank of Montreal Publishes $50 Billion Covered Bond Program Prospectus