Bank of Montreal (BMO) may sell some of its US branches with about $6 billion in deposits, the Wall Street Journal reported Tuesday, citing people familiar with the matter.

Following its acquisition of Bank of the West, the potential sale may also include loans, with BMO considering selling the branches either together or in smaller groups, the report said.

BMO has been seeking to exit Wyoming and the Dakotas, one of the people said, according to the report.

Bank of Montreal did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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