Enterprise Rent-A-Car plans to purchase Vanguard

[ttownclown]

quote:Originally posted by TheArtist

Yea I may just have to go back and look and see who all was complaining about the possible Vanguard Dollar merger and how it may be that some jobs would be lost.  I kept saying how it would actually be a good competitive move for the combined company. I would have been far less likely that Enterprise could have bought up a Vanguard Dollar combined company because of antitrust/ monopoly considerations. Its eat or get eaten in the business world.   If they pull the Vanguard headquarters out of Tulsa that will be far far worse than Vanguard and Dollar merging.

What scares me to think of is if BOK gets bought out by a larger bank. They are getting large enough and successful enough to be eyed by the really big fish. They are one of the few "comparatively big for Tulsa" corporate headquarters doing well here. If the were ever to get yanked out to NY or Seattle that would hurt.

Kaiser is the majority owner of BOKF (he owns 44 million of the 67 million shares outstanding.)   From my understanding is committed to keep BOKF in Tulsa and will not sell.

[TheArtist]

And how old is this guy? He won't be around forever.  Things change and money talks regardless.   Lets drink to his health and looong life.

[ttownclown]

I think the majority shares are in a Trust which specifically addresses this issue.

[dbacks fan]

quote:Originally posted by TheArtist

Yea I may just have to go back and look and see who all was complaining about the possible Vanguard Dollar merger and how it may be that some jobs would be lost.  I kept saying how it would actually be a good competitive move for the combined company. I would have been far less likely that Enterprise could have bought up a Vanguard Dollar combined company because of antitrust/ monopoly considerations. Its eat or get eaten in the business world.   If they pull the Vanguard headquarters out of Tulsa that will be far far worse than Vanguard and Dollar merging.

What scares me to think of is if BOK gets bought out by a larger bank. They are getting large enough and successful enough to be eyed by the really big fish. They are one of the few "comparatively big for Tulsa" corporate headquarters doing well here. If the were ever to get yanked out to NY or Seattle that would hurt.

I don't think BOK is gong anywhere, but nothing is permanent. BOK is acquiring banks in other states.

Notice the logo for this one in New Mexico.

http://www.bankofalbuquerque.com/

[Conan71]

quote:Originally posted by dbacks fan

quote:Originally posted by TheArtist

Yea I may just have to go back and look and see who all was complaining about the possible Vanguard Dollar merger and how it may be that some jobs would be lost.  I kept saying how it would actually be a good competitive move for the combined company. I would have been far less likely that Enterprise could have bought up a Vanguard Dollar combined company because of antitrust/ monopoly considerations. Its eat or get eaten in the business world.   If they pull the Vanguard headquarters out of Tulsa that will be far far worse than Vanguard and Dollar merging.

What scares me to think of is if BOK gets bought out by a larger bank. They are getting large enough and successful enough to be eyed by the really big fish. They are one of the few "comparatively big for Tulsa" corporate headquarters doing well here. If the were ever to get yanked out to NY or Seattle that would hurt.

I don't think BOK is gong anywhere, but nothing is permanent. BOK is acquiring banks in other states.

Notice the logo for this one in New Mexico.

http://www.bankofalbuquerque.com/

Oh no!  Not the new world order symbol in NM now!! [}:)][]

I'm glad BOK has remained autonomous.  You can be certain that there have been some interested parties in the past, lots of assets and customers at stake.  It's a very well run company.

[TheArtist]

quote:Originally posted by ttownclown

I think the majority shares are in a Trust which specifically addresses this issue.

That would be quite reassuring.  Not that I lose too much sleep at night worrying about it. []

[Chris]

BOK also owns the Bank of Texas, Bank of Arkansas , Bank of Arizona, Colorado State Bank and Trust and Bank of Kansas City

[cannon_fodder]

BOk also owns my house.  [8D]

[perspicuity85]

BOK has been approached for buyout before.  Bank One approached BOK about ten years ago but settled instead for the smaller Liberty Bank.  Bank One is now Chase Bank, I think.