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.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
