CoBiz Inc reports first quarter results after the acquisition of First Capital Bank of Arizona
CoBiz Inc. (Nasdaq: COBZ), a $ 780 million financial holding company, announced today, the 11th straight quarter of record operating income as the company on the stock exchange in July 1998. CoBiz Inc. completed its acquisition of First Capital Bank of Arizona, March 8, 2001. The four-year bank has two sites, one in downtown Phoenix and in another suburb of surprise. The acquisition of the capital led to the first issue of about 1657 million shares of CoBiz Inc. shares (1864 million shares on a fully verwässerter).
CoBiz acquired Denver-based Milek Insurance Services, Inc. renamed CoBiz Insurance, Inc. on 6 March 2001. The acquisition has resulted in the issuance of nearly 45000 shares of CoBiz shares. CoBiz offers commercial insurance and damage to personal property, accident brokerage and risk management consulting services for small and medium enterprises.
Acquisitions have been regarded as of historic interest and depending on the balance sheets and results of operations are on a combined basis.
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