# FIRST CITIZENS BANCSHARES INC /DE/ (FCNCP) — capital_raise [pending]
Source: SEC API (secapi.ai) · situation sit_684521297cef0c8efa6b · retrieved 2026-08-11T16:04:05.934Z

## Overview
First Citizens BancShares, Inc. is a top 20 U.S. financial institution with more than $225 billion in assets, operating through its subsidiary First-Citizens Bank & Trust Company, which provides general banking services, commercial banking expertise, innovation banking, and a nationwide direct bank.

First Citizens BancShares' subsidiary, First-Citizens Bank & Trust Company, entered into an agreement on October 16, 2025, to acquire 138 branches from BMO Bank N.A. located in the Midwest, Great Plains, and West regions of the U.S. The acquisition includes approximately $5.3 billion in deposits and approximately $700 million in loans. The transaction is expected to close during the third quarter of 2026.

## Terms
- Counterparty: BMO Bank N.A.

## Key dates
- Announced 2026-07-23 · Expected close 2026-09-30

## Timeline
- 2026-07-23 · 8-K (0000798941-26-000027): 8-K - FIRST CITIZENS BANCSHARES INC /DE/ — *First Citizens BancShares, Inc. is a top 20 U.S. financial institution with more than $225 billion in assets, operating through its subsidiary First-Citizens Bank & Trust Company, which provides general banking services, commercial banking expertise, innovation banking, and a nationwide direct bank.* First Citizens BancShares' subsidiary, First-Citizens Bank & Trust Company, entered into an agreement on October 16, 2025, to acquire 138 branches from BMO Bank N.A. located in the Midwest, Great Plains, and West regions of the U.S. The acquisition includes approximately $5.3 billion in deposits and approximately $700 million in loans. The transaction is expected to close during the third quarter of 2026.
  https://www.sec.gov/Archives/edgar/data/798941/0000798941-26-000027.txt

## Citations
- 0000798941-26-000027 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000079894126000027