M&A Deal Summary

BOK Financial Acquires CoBiz Financial

On June 18, 2018, BOK Financial acquired financial services company CoBiz Financial for 1.0B USD

Acquisition Highlights
  • This is BOK Financial’s 2nd transaction in the Financial Services sector.
  • This is BOK Financial’s largest (disclosed) transaction.
  • This is BOK Financial’s 3rd transaction in the United States.
  • This is BOK Financial’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-06-18
Target CoBiz Financial
Sector Financial Services
Buyer(s) BOK Financial
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) BofA Securities (Financial)

Target

CoBiz Financial

Denver, Colorado, United States
CoBiz Financial, Inc. is a $3.8 billion financial services company that serves the complete financial needs of businesses, business owners and professionals in Colorado and Arizona. The company’s subsidiaries are: Colorado Business Bank and Arizona Business Bank, which provide commercial banking services; CoBiz Private Client Advisors which offers private banking through CoBiz Private Bank and investment management and wealth planning through CoBiz Wealth; and CoBiz Insurance which delivers employee benefits, and property and casualty insurance brokerage.

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Buyer(S) 1

Buyer

BOK Financial

Tulsa, Oklahoma, United States
Category Company
Founded 1910
Sector Financial Services
Employees4,936
Revenue 2.0B USD (2023)
DESCRIPTION

BOK Financial is a provider of financial products and services. BOK Financial was incorporated in 1910 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 MBT Bancshares

Kansas City, Montana, United States

MBT Bancshares, Inc. is a provider of financial services.

Buy $103M
Mergr

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