BOK Financial Corporation (NASDAQ: BOKF) announced the completion of the acquisition of Topeka, Kansas-based GTRUST Financial Corporation by its bank subsidiary, BOKF, NA, effective March 1, 2014. The transaction adds $600 million in assets to BOK Financial’s wealth management platform, extends its suite of products and services, and expands its offerings and client base in the growing Kansas market.
Learn more about the deal by reading the October news release announcing the plans to acquire.
About BOK Financial Corporation
BOK Financial Corporation is a $27 billion regional financial services company based in Tulsa, Okla. The company's stock is publicly traded on NASDAQ under the Global Select market listings (symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOSC, Inc., and The Milestone Group, Inc. BOKF, NA operates the TransFund electronic funds network, Cavanal Hill Investment Management, Inc. and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust. Through its subsidiaries, the company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.About GTRUST Financial Corporation GTRUST was founded in 1991 as an employee owned and operated organization specializing in trust and asset management services. Since the beginning, GTRUST’s premise has been straightforward – find the right investment solution for each client, one-by-one. Individuals, businesses and organizations look to GTRUST for financial advice and solid results. The firm’s dedicated, experienced team of trust and investment professionals are committed to providing clients superior retirement, financial and estate planning, investments and tax planning services. This news release contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial, the financial services industry and the economy generally. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “plans,” “projects,” variations of such words and similar expressions are intended to identify such forward-looking statements. Management judgments relating to and discussion of the provision and allowance for credit losses involve judgments as to future events and are inherently forward-looking statements. Assessments that BOK Financial's acquisitions and other growth endeavors will be profitable are necessary statements of belief as to the outcome of future events based in part on information provided by others which BOK Financial has not independently verified. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what is expected, implied or forecasted in such forward-looking statements. Internal and external factors that might cause such a difference include, but are not limited to (1) the ability to fully realize expected cost savings from mergers within the expected time frames, (2) the ability of other companies on which BOK Financial relies to provide goods and services in a timely and accurate manner, (3) changes in interest rates and interest rate relationships, (4) demand for products and services, (5) the degree of competition by traditional and nontraditional competitors, (6) changes in banking regulations, tax laws, prices, levies and assessments, (7) the impact of technological advances and (8) trends in consumer behavior as well as their ability to repay loans. BOK Financial and its affiliates undertake no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.
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