BOK Financial Corp. of Tulsa, Okla., is planning to sell two of its Bank of Albuquerque branches to Access Anytime Bancorp, a thrift holding company in Clovis, N.M.
Terms of the deal were not disclosed.
Access Anytime, parent of First Bank in Clovis, would assume the assets, deposits, and liabilities of branches in Clovis and Gallup, N.M. Deposits of the two branches total $26 million.
The $127 million-asset thrift company said it would not have to raise additional capital to complete the transaction, which is expected to close in 90 days.
BOK is a $7 billion-asset, multibank holding company with branches in seven southwestern states.