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 Colorado
Was this article valuable?
Here are more articles you may enjoy.
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. 
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance 
Allstate Seeking 34% Rate Hike on California Homeowners Insurance 
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC 
