Bank of the Ozarks
Bank of the Ozarks Headquarters in Little Rock, Arkansas
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| Public | |
| Traded as |
NASDAQ: OZRK S&P 400 Component |
| Industry | Financial Services |
| Founded | 1903 Jasper, Arkansas, US |
| Headquarters | Little Rock, Arkansas, Arkansas, U.S. |
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Key people
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George Gleason (Chairman and CEO) |
| Products | Retail Banking, Commercial Banking and Treasury |
 US$601.5 million (2016) |
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| Total assets |
US$18.89 billion (2016) |
| Total equity |
US$2.79 billion (2016) |
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Number of employees
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3,000 |
| Website | www |
Bank of the Ozarks is a bank headquartered in Little Rock, Arkansas with more than 255 locations in Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama, Florida, California and New York and $18.45 billion in assets as of June 30, 2016. Early in 2014, it was the third-largest bank in Arkansas.
Bank of the Ozarks began with a community bank in Jasper, Arkansas in 1903, expanding to a second location in Ozark, Arkansas in 1937.
George Gleason, a lawyer specializing in banking at the Rose Law Firm, bought Bank of Ozark in 1979 when it had $28 million in assets and changed its name to Bank of the Ozarks. In 1994 the bank had five locations but began expanding. The headquarters moved to Little Rock in 1995.
In 2004, Bank of the Ozarks was the state's second-largest bank with 41 locations, with plans to double that number within the state, and to add full-service branches in Texas and North Carolina, where loan offices had already opened. In Texas, Bank of the Ozarks was paying $2.2 million for an excess charter after the purchase of Sun Bank by Happy Bancshares Inc. of Happy, Texas. In addition to $2 million in deposits, the charter would allow the bank to open new branches in the Dallas area.
In December 2008, Bank of the Ozarks moved into a 112,000-square-foot 4-story headquarters, designed by Reese Rowland of Polk Stanley Rowland Curzon Porter Architects on Chenal Parkway near Rahling Road. For five years the bank had rented space in the GMAC Building and Three Financial Center.
30 years after Gleason took over, his bank had $3.2 billion in assets and 72 locations, 65 in Arkansas, 6 in Texas and one in North Carolina, and 740 employees. Only four of the branches were purchases.
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Wikipedia