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BMO bets on US West branch buildout to chase affluent borrowers
BMO Financial Group is expanding its presence in the US West by planning to open over 130 new financial centers in California and about 15 in Arizona over the next five years. This move, following the sale of branches in other Midwestern and Plains markets, aims to focus on advice-led banking for retail, small business, and wealth clients in growth regions. The expansion, set to create hundreds of jobs, targets affluent households, small businesses, and cross-border Canadians in key markets.