 | |
 Bank OZK Headquarters inLittle Rock, Arkansas | |
| Company type | Public |
|---|---|
| Nasdaq: OZK S&P 400 Component | |
| Industry | Financial services |
| Founded | 1903; 122 years ago (1903), inJasper,Arkansas, US |
| Headquarters | Little Rock, Arkansas, U.S. |
Key people | George G. Gleason II (chairman,CEO) Tim Hicks (CFO) |
| Products | Retail Banking Commercial Banking Treasury |
| Revenue |  US$ 2.25 billion (2023) |
| US$867.0 million (2023) | |
| US$690.8 million (2023) | |
| Total assets | US$34.24 billion (2023) |
| Total equity | US$5.14 billion (2023) |
| Owner | George G. Gleason II (over 10%) |
Number of employees | 2,744 (2023) |
| Website | ozk |
| Footnotes / references [1] | |
Bank OZK is a regional bank headquartered inLittle Rock, Arkansas. It operates 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, California, Tennessee and Mississippi.
Contrary to most other large banks, the bank does notsyndicate its commercial real estate loans.[2]
Bank OZK began as a community bank inJasper, Arkansas in 1903, expanding to a second location inOzark, Arkansas in 1937.[3]
In 1979, when the bank had 2 branches and $28 million in assets, George Gleason, a 25-year-old lawyer at theRose Law Firm, bought the bank changed its name to Bank of the Ozarks.[4]
In 1994, the bank had five locations but began expanding. The headquarters was moved toLittle Rock in 1995.[3]
In December 2008, the bank moved into a 92,000-square-foot four-story headquarters; in 2018 it began construction on a new 180,000 square foot headquarters at a $98 million cost.[5]
In 2018, the name of the bank was changed to Bank OZK to reflect its expansion from theOzarks.[6]
| # | Year | Company | Price | Description of Assets | Ref(s). |
|---|---|---|---|---|---|
| 1 | January 2003 | River Valley Bank (RVB) ofRussellville, Arkansas | $53 million in assets | [7] | |
| 2 | March 2010 | Unity National Bank ofCartersville | Failed bank; $290 million in assets; the bank's first purchase in Georgia | [8][9][10] | |
| 3 | July 2010 | Woodlands Bank inBluffton, South Carolina | Failed bank; $376 million in assets and $355 million in deposits | [11][12] | |
| 4 | September 2010 | Horizon Bank ofBradenton, Florida | Failed bank; $170 million in assets and $150 million in deposits | [13] | |
| 5 | December 2010 | Chestatee State Bank ofDawsonville, Georgia | Failed bank | [14] | |
| 6 | January 2011 | Oglethorpe Bank ofBrunswick | Failed bank with $210 million in assets, purchased at a $38 million discount | [15][16] | |
| 7 | April 2011 | First Choice Community Bank ofDallas | Failed bank. | [17][18][19] | |
| 8 | April 2011 | Park Avenue Bank ofValdosta | Failed bank. | [20][19] | |
| 9 | December 2012 | Genala Bank | $27.3 million | $170 million of total assets, $45 million of loans and $142 million of deposits, one branch inGeneva, Alabama | [21][22] |
| 10 | 2013 | First National Bank of Shelby inShelby, North Carolina | $64 million | 15 locations and $700 million in deposits in North Carolina | [23] |
| 11 | 2013 | Bancshares Inc. ofHouston | $23 million | $301 million in assets, $269 million in deposits and 8 branches in Texas | [24] |
| 12 | 2014 | Summit Bancorp ofArkadelphia | $216 million | $1.2 billion in assets and 24 locations | [25] |
| 13 | 2014 | Intervest Bancshares ofPinellas County, Florida | $228.5 million | $1.6 billion in assets and $1.3 billion in deposits in Florida | [26] |
| 14 | 2015 | Bank of the Carolinas ofMocksville, North Carolina | $64.7 million | Additional assets in North Carolina | [27] |
| 15 | July 2016 | Community & Southern Bank | $799.6 million | $4.4 billion of total assets, $3.0 billion of loans and $3.7 billion of deposits | [28][29] |
| 16 | July 2016 | C1 Financial | $402.5 million | $1.7 billion of total assets, $1.4 billion of loans and $1.3 billion of deposits, 32 branches in Florida. | [30][31] |
In 2012 and 2015,SNL Financial named Bank of the Ozarks as the top performing regional bank in the country.[32]
