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Stock impact report

World City Press Expands California Consumer Banking Coverage With Two New Story Spotlights [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
The first spotlight tracks BMO branch optimization. BMO said it will sell 138 U.S. branches to First Citizens Bank & Trust Company under a definitive agreement. BMO said the branch set spans several states, including North Dakota, South Dakota, Wyoming, Nebraska, and Kansas. BMO also said it plans to open 150 new branches over the next five years. It described the plan as California-centric. The story also summarizes BMO's customer guidance during the transition. BMO told customers to keep using existing checks, cards, branches, and online access until closing. BMO said First Citizens will assume about $5.7 billion in deposits and buy about $1.1 billion in loans. BMO cited a net deposit premium of about 5 percent at closing. BMO expects a mid-2026 close, subject to approvals and conditions. The second spotlight covers the Sierra Grant milestone at Bank of the Sierra. The bank said its Sierra Grant Program passed $5 million in donations since 2004. It said the Show less Read more
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