Bok Financial Corporation · NASDAQ:BOKF

Bok Financial — BOK Financial Corp ET AL — Merger or Acquisition (June 2018)

15 slides from Bok Financial's merger presentation, Jun 19, 2018

1. Slide 1: Combination with CoBiz Investor Presentation

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Combination with Investor Presentation June 18, 2018 1

2. Slide 2: Important Additional Information And Where To Find It

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Important Additional Information And Where To Find It In connection with the proposed merger, BOK Financial Corporation will file

3. Slide 3: Forward Looking Statements

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Forward Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Li

4. Slide 4: Strong Strategic Rationale with Compelling Financial Impact

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Strong Strategic Rationale with Compelling Financial Impact  Highly aligned business models and culture  Enhances presence in a

5. Slide 5: Transaction Summary

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Transaction Summary Buyer  BOK Financial ( “BOKF”) Seller  CoBiz Financial (“CoBiz” or “COBZ”)  0.17 shares of BOKF common sto

6. Slide 6: Overview of CoBiz

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Overview of CoBiz “Best-in-Class” Performer ($ in billions) High Growth – Summary Loan Mix 2013–1Q18 CAGR ​Consumer ​Other Headqu

7. Slide 7: Highly Aligned Business Models

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Highly Aligned Business Models Commercial-focused lending...  Shared culture of low-risk, BOK Financial CoBiz commercially-focus

8. Slide 8: Enhancing Presence in Attractive Markets

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Enhancing Presence in Attractive Markets Pro Forma Deposit Footprint Pro Forma Market Share  BOKF Pro Forma     

9. Slide 9: Attractive Excess Funding Opportunities

   IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Attractive Excess Funding Opportunities Loans / Deposits Ratio  Provides additional liquidity to continue to fund robust growth

10. Slide 10: Leverages Investment to Drive Future Operating Leverage

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Leverages Investment to Drive Future Operating Leverage BOKF Select 2018 Areas of Investment  Allows combined entity to achieve

11. Slide 11: Transaction Multiples and Key Assumptions

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Transaction Multiples and Key Assumptions  4% premium to CoBiz’s closing price of $22.15 Pricing¹  18.6x 2018E EPS; 10.7x 2019E

12. Slide 12: Pro Forma Financial Impact

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Pro Forma Financial Impact Effective Use of Capital That Will Enhance Return Profile Strong Cash-on-Cash Return Enhances Return P

13. Slide 13: Pro Forma Financial Impact: Earnback Perspectives

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Pro Forma Financial Impact Earnback Perspectives CoBiz Merger Selected Metrics Merger 100% Stock 2020E EPS Accretion (GAAP) ~9% ~

14. Slide 14: Comprehensive Due Diligence

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Comprehensive Due Diligence  Comprehensive due diligence coordinated and led by key executives Overview  Ongoing dialogue throu

15. Slide 15: Key M&A and Return Criteria

    IBDROOT\PROJECTS\IBD-NY\RHIN O2018\616995_1\1.0 COBZ Opportunity\Investor Presentation & Press Release\Investor Presentation\Investor Presentation vDraft (6.15.2018).pptx Key M&A and Return Criteria 2017 Investor Day M&A Criteria In Market  Colorado and Arizona ✔ Ability to Leverage Existing  Comm

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