Colorado Business Bankshares, the parent company for Colorado Business Banks, has acquired Denver-based Milek Insurance Services Inc.
The agency, which will be renamed CoBiz Insurance Inc., provides commercial and personal property and casualty insurance brokerage as well as risk management consulting services to individuals and small and medium-sized businesses.
Milek shareholders received 44,763 shares of CoBiz stock as consideration for the transaction which will be accounted for as a pooling of interests.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
