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BOK Financial receives regulatory approval for Cobiz acquisition

Aug. 23, 2018 12:34 PM ETBOK Financial Corporation (BOKF) StockBy: Pranav Ghumatkar, SA News Editor1 Comment
  • BOK Financial (NASDAQ:BOKF -0.1%) announced that all necessary regulatory approvals required to complete the previously announced acquisition of CoBiz Financial (COBZ +0.6%) have been received.
  • The closing of the transaction is expected to occur in Q4 2018.
  • Once completed, BOK Financial expects this acquisition to be 6% accretive to earnings in 2019, and 9% accretive to earnings in 2020.
  • The transaction is expected to deliver an internal rate of return of over 20%.

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