June 18, 2018 / 10:11 AM / 5 months ago

BOK Financial to buy CoBiz in $1 bln deal

June 18 (Reuters) - BOK Financial Corp said on Monday it would acquire CoBiz Financial Inc in a cash-and-stock deal valued at about $1 billion.

BOK will pay about 75 percent of the price in shares and the rest in cash.

It expects the acquisition to boost earnings by 6 percent in 2019 and 9 percent in 2020. (Reporting By Aparajita Saxena in Bengaluru; Editing by Sai Sachin Ravikumar)

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