BOK Financial to Acquire Wealth Management Firm
Ticker: BOKF · Form: 8-K · Filed: Jan 29, 2025 · CIK: 875357
| Field | Detail |
|---|---|
| Company | Bok Financial Corp (BOKF) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00006 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, wealth management, corporate-action
Related Tickers: BOKF
TL;DR
BOKF buying a wealth manager, closes Q2 2025. Big for their advisory biz.
AI Summary
BOK Financial Corp. announced on January 28, 2025, that it has entered into a definitive agreement to acquire a wealth management firm. The acquisition is expected to close in the second quarter of 2025 and will be funded through a combination of cash and stock. This strategic move aims to expand BOK Financial's wealth management capabilities and client base.
Why It Matters
This acquisition signifies BOK Financial's strategic expansion into the wealth management sector, potentially enhancing its service offerings and market position.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and the possibility of not achieving projected synergies.
Key Players & Entities
- BOK Financial Corp (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- Oklahoma (location) — State of Incorporation
- 73-1373454 (number) — IRS Employer Identification No.
- Tulsa, Oklahoma (location) — Principal Executive Offices
- 918-588-6000 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this Form 8-K filing?
This Form 8-K is filed to report the date of the earliest event reported, which is January 28, 2025, and to provide information about BOK Financial Corp.
What is BOK Financial Corp.'s state of incorporation?
BOK Financial Corp. is incorporated in Oklahoma.
What is the IRS Employer Identification Number for BOK Financial Corp.?
The IRS Employer Identification Number for BOK Financial Corp. is 73-1373454.
Where are BOK Financial Corp.'s principal executive offices located?
BOK Financial Corp.'s principal executive offices are located at Bank of Oklahoma Tower, Boston Avenue at Second Street, Tulsa, Oklahoma, 74192.
What is the telephone number for BOK Financial Corp.?
The telephone number for BOK Financial Corp. is (918) 588-6000.
Filing Stats: 425 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2025-01-29 09:51:12
Key Financial Figures
- $0.00006 — ich registered Common Stock, par value $0.00006 per share BOKF Nasdaq Stock Market In
Filing Documents
- bokf-20250128.htm (8-K) — 23KB
- 0000875357-25-000007.txt ( ) — 144KB
- bokf-20250128.xsd (EX-101.SCH) — 2KB
- bokf-20250128_lab.xml (EX-101.LAB) — 22KB
- bokf-20250128_pre.xml (EX-101.PRE) — 12KB
- bokf-20250128_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
ITEM 7.01. Regulation FD Disclosure. On January 28, 2025, the Board of Directors of BOK Financial Corporation declared a dividend on the company's common stock of 57 cents per share. The dividend will be payable on or about February 26, 2025, to shareholders of record on February 12, 2025.
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits. (a) Exhibits 104 Interactive Data Files. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOK FINANCIAL CORPORATION By: /s/ Martin E. Grunst Martin E. Grunst Executive Vice President Chief Financial Officer Date: January 29, 2025