secwatch.observer — SEC 8-K summary
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Issuer:     BOK FINANCIAL CORP (BOKF)
CIK:        0000875357
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0000875357-23-000049
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BOK Financial sells insurance brokerage to USI; pre-tax gain of $28M, securities repositioning
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- BOK Financial Insurance (employee benefits, risk management, P&C) sold to USI Insurance Services.
- Pre-tax gain of $28M after expenses; proceeds used to realize AFS portfolio losses and reinvest in higher-yielding securities.
- All 45 BOK Financial Insurance employees will join USI; Goldman Sachs acted as financial advisor.
- Transaction expected to generate net benefit to recurring earnings on a go-forward basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875357/000087535723000049/0000875357-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875357/000087535723000049/bokf-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000875357-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer