First Citizens BancShares (FCNCA) Acquired 138 BMO Branches. Can It Retain Deposits?

insidermonkey.com · 2026-09-10

First Citizens BancShares, Inc. (NASDAQ:FCNCA), through its First-Citizens Bank & Trust Company subsidiary, completed the acquisition of 138 BMO Bank N.A. branches on September 4.

TickrTrends take: First Citizens BancShares' acquisition of BMO branches represents a significant expansion of its deposit base and physical footprint in the Financial Services sector. Given TickrTrends' current assessment that FCNCA is fairly valued, investors should monitor whether the company can successfully integrate these branches and maintain deposit retention rates, as the bank's ability to hold onto these customer relationships will be critical to justifying the acquisition's cost and validating current valuations. The success of deposit retention will likely influence how the market reassesses FCNCA's valuation in coming quarters.

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