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Longtime Colorado lender CoBiz bought in nearly $1 billion deal

Denver Business Journal

Longtime Colorado lender CoBiz Financial Inc. of Denver is being purchased in a deal valued at nearly $1 billion. Tulsa, Oklahoma-based BOK Financial Corp. (Nasdaq: BOKF) said it's buying CoBiz for $977 million, using 75 percent stock and the rest cash to make the purchase. CoBiz has assets of $3.8 billion and has 15 banking locations in Colorado and Arizona. In April, the U.S. Small Business Administration (SBA) named CoBiz its 7(a) Small Lender of the Year.