TULSA, Okla.--(BUSINESS WIRE)--
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.
BOK Financial
Media:
Andrea Myers, 918-594-7794
Vice
President, Senior Corporate Communications Manager
amyers@bokf.com
or
Investors:
Joe
Crivelli, 918-595-3027
Senior Vice President, Director-Investor
Relations
jcrivelli@bokf.com
Source: BOK Financial Corporation