BOK Financial, the parent company of Mobank in Kansas City, will acquire a Denver-based commercial bank called CoBiz in a transaction worth about $977 million, pending regulatory approval.
CoBiz is a commercial bank with about $3.8 billion in assets and branch offices in Colorado and Arizona.
The transaction consists of 75 percent stock: 0.17 shares of BOK Financial common stock and $5.70 in cash for each share of CoBiz common stock. CoBiz Chairman and CEO Steve Bangert will join the BOK board…
BOK Financial, the parent company of Mobank in Kansas City, will acquire a Denver-based commercial bank called CoBiz in a transaction worth about $977 million, pending regulatory approval.
CoBiz is a commercial bank with about $3.8 billion in assets and branch offices in Colorado and Arizona.
The transaction consists of 75 percent stock: 0.17 shares of BOK Financial common stock and $5.70 in cash for each share of CoBiz common stock. CoBiz Chairman and CEO Steve Bangert will join the BOK board…