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First Citizens Takes Over 138 BMO Branches — and $5 Billion in Deposits

First Citizens Takes Over 138 BMO Branches — and $5 Billion in Deposits

by John G. Stevens | Sep 8, 2026 | Mortgage Information, Real Estate News

First Citizens Bank has completed one of the larger U.S. bank branch transfers of the year, taking control of 138 BMO locations across 11 states and adding approximately $5 billion in deposits to a balance sheet that already exceeds $225 billion. The acquisition...
BMO Unveils Spanish-Language Mortgage Application

BMO Unveils Spanish-Language Mortgage Application

by Phil Hall | Jul 10, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

BMO (NYSE: BMO) is seeking to expand homeownership access to Hispanics with its first Spanish-language mortgage application. Available both digitally and in a paper format available at branches, the application offers what the bank described as “culturally and...
Survey: 43% of Canadian Homeowners Needed Family Assistance to Buy Their Property

Survey: 43% of Canadian Homeowners Needed Family Assistance to Buy Their Property

by Phil Hall | May 5, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

One of the most popular financial entities for Canadian homeowners has been the Bank of Mom and Dad. According to a new survey by BMO (NYSE: BMO), 43% of Canada’s homeowners said they could not have purchased their home without assistance from family. The survey...
Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

by Phil Hall | Apr 29, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Nearly three-quarters (72%) of potential Canadian homebuyers are waiting until interest rates drop before purchasing a home, according to the latest BMO Real Financial Progress Index report. This is a 4% increase from 2023. The new report also found 85% of Canadians...
New Homebuyer Assistance Program Aimed at HBCU and PBI Graduates

New Homebuyer Assistance Program Aimed at HBCU and PBI Graduates

by Phil Hall | Jun 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

BMO (NYSE:BMO) has rolled out the Homebuyer Assistance Program for graduates of Historically Black Colleges and Universities (HBCU) and Predominantly Black Institutions (PBI). Created in partnership with the National Association for Real Estate Brokers (NAREB), a...
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