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

The Bank of Montreal, one of Canada’s largest and oldest financial institutions, is reportedly considering selling a group of U.S. branches holding approximately $6 billion in deposits. According to sources familiar with the matter, the decision reflects a broader strategic shift as the bank evaluates its priorities in a challenging financial environment. The potential sale signals not only a rebalancing of the bank’s U.S. footprint but also broader trends in North American banking, where consolidation, regulatory pressures, and shifts in customer behavior are reshaping the industry.

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