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Article: Bank of Texas Completes Merger With Bank of Tanglewood.
- Article from:
- PR Newswire
- Article date:
- October 25, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Bank of Texas, N.A., and Houston-based Bank of Tanglewood announced the culmination of their merger, expanding Bank of Texas to 12 locations in the Greater Houston Area.
Plans for the combination were announced May 16. Under terms of the purchase, Bank of Texas' parent company, BOK Financial Corp. , paid $65 million in shares of common stock in exchange for all of the outstanding stock of Bank of Tanglewood. Shareholders of Bank of Tanglewood approved the merger Thursday and the transaction was completed today.
Bank of Tanglewood President and CEO Rich Jochetz and other senior bank officers join Bank of Texas, along with Chairman Bob Greer, ...