Bank of Montreal Reportedly Considering Sale of some U.S. Branches

Bank of Montreal reportedly considering sale of some U.S. branches

Branches have about $6-billion in deposits, The Wall Street Journal reported on Tuesday

BMO Looks to Sell Some US Branches After Bank of the West Acquisition

Bank of Montreal (BMO) is reportedly looking to sell some of its U.S. branches, particularly in Wyoming and the Dakotas. The bank could sell the branches together or in clusters and could sell loans along with deposits, The Wall Street Journal (WSJ) reported Tuesday (Sept. 23), citing unnamed sources. BMO has launched a sales process, but the plans aren’t final, and the sales may not happen, according to the report. Reached by PYMNTS, …

Bank of Montreal Explores Selling a Cluster of U.S. Branches

The bank is seeking to unload some of its U.S. branches with roughly $6 billion in deposits, according to people familiar with the matter.