Bank OZK

Last updated
Bank OZK
Company type Public
Nasdaq:  OZK
S&P 400 Component
Industry Financial services
Founded1903;123 years ago (1903), in Jasper, 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
RevenueIncrease2.svg US$ 2.25 billion (2023)
Increase2.svg US$867.0 million (2023)
Increase2.svg US$690.8 million (2023)
Total assets Increase2.svg US$34.24 billion (2023)
Total equity Increase2.svg US$5.14 billion (2023)
OwnerGeorge G. Gleason II (over 10%)
Number of employees
2,744 (2023)
Website ozk.com
Footnotes /references
[1]

Bank OZK (formerly Bank of the Ozarks) is a regional bank headquartered in Little Rock, Arkansas. Bank OZK conducts banking operations in 265 offices in six states including Arkansas, Georgia, Florida, North Carolina, Texas, and Tennessee [2] and had $40.8 billion in total assets as of December 31, 2025.

Contents

A Bank OZK branch in Blairsville, Georgia A Bank OZK branch in Blairsville, Georgia 03.jpg
A Bank OZK branch in Blairsville, Georgia

History

The Bank of the Ozarks began as a community bank in Jasper, Arkansas in 1903, expanding to a second location in Ozark, Arkansas in 1937. [3]

In 1979, when the bank had two branches and $28 million in assets, George Gleason, a 25-year-old lawyer at the Rose Law Firm, bought the bank and changed its name to Bank of the Ozarks. [4]

In 1994, the bank had five locations but began expanding. The headquarters was moved to Little 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 the Ozarks. [6]

Acquisitions

#YearCompanyPriceDescription of AssetsRef(s).
1January 2003River Valley Bank (RVB) of Russellville, Arkansas $53 million in assets [7]
2March 2010Unity National Bank of Cartersville Failed bank; $290 million in assets; the bank's first purchase in Georgia [8] [9] [10]
3July 2010Woodlands Bank in Bluffton, South Carolina Failed bank; $376 million in assets and $355 million in deposits [11] [12]
4September 2010Horizon Bank of Bradenton, Florida Failed bank; $170 million in assets and $150 million in deposits [13]
5December 2010Chestatee State Bank of Dawsonville, Georgia Failed bank [14]
6January 2011Oglethorpe Bank of Brunswick Failed bank with $210 million in assets, purchased at a $38 million discount [15] [16]
7April 2011First Choice Community Bank of Dallas Failed bank. [17] [18] [19]
8April 2011Park Avenue Bank of Valdosta Failed bank. [20] [19]
9December 2012Genala Bank$27.3 million$170 million of total assets, $45 million of loans and $142 million of deposits, one branch in Geneva, Alabama [21] [22]
102013First National Bank of Shelby in Shelby, North Carolina $64 million15 locations and $700 million in deposits in North Carolina [23]
112013Bancshares Inc. of Houston $23 million$301 million in assets, $269 million in deposits and 8 branches in Texas [24]
122014Summit Bancorp of Arkadelphia $216 million$1.2 billion in assets and 24 locations [25]
132014Intervest Bancshares of Pinellas County, Florida $228.5 million$1.6 billion in assets and $1.3 billion in deposits in Florida [26]
142015Bank of the Carolinas of Mocksville, North Carolina $64.7 millionAdditional assets in North Carolina [27]
15July 2016Community & Southern Bank$799.6 million$4.4 billion of total assets, $3.0 billion of loans and $3.7 billion of deposits [28] [29]
16July 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]

Awards and recognition

Named one of the Top 25 Best U.S. Banks in Bank Director's 2025 Ranking Banking Study. [32]

Forbes 2025 America's Best Banks 2019 - 2025. [33]

References

  1. ↑ "Bank OZK 2023 Annual Report".
  2. ↑ https://www.ozk.com/locations/locations-list
  3. 1 2 "About: The Bank OZK Story". Bank OZK.
  4. ↑ Shifflett, Shane; Putzier, Konrad (September 6, 2023). "Real-Estate Doom Loop Threatens America's Banks" . The Wall Street Journal .
  5. ↑ "Bank of the Ozarks Getting Ready for Groundbreaking on New HQ" . Arkansas Business. August 22, 2016.
  6. ↑ Craver, Richard (March 19, 2018). "Bank of the Ozarks opts for abbreviation with planned name change" . Winston-Salem Journal .
  7. ↑ Maxfield, John (September 24, 2017). "A List of Bank of the Ozarks' Acquisitions". The Motley Fool .
  8. ↑ Walker, Doug (March 30, 2010). "Bank of the Ozarks acquired Unity National this weekend" . Rome News-Tribune .
  9. ↑ Smith, David (April 29, 2010). "Bank of Ozarks profit soars" . Arkansas Democrat-Gazette . Little Rock, Arkansas.
  10. ↑ "Bank of the Ozarks Assumes Deposits and Purchase of Assets of Unity National Bank" (Press release). U.S. Securities and Exchange Commission.
  11. ↑ Amy, Jeff (July 16, 2010). "Woodlands Bank fails, sold to Bank of the Ozarks by FDIC". The Birmingham News .
  12. ↑ Smith, David (July 17, 2010). "Bank of Ozarks nets 2nd takeover" . Arkansas Democrat-Gazette .
  13. ↑ Smith, David (September 11, 2010). "Bank of Ozarks acquires lender" . Arkansas Democrat-Gazette .
  14. ↑ Amy, Jeff (December 18, 2010). "Bank of the Ozarks acquires its fourth failed bank of 2010". The Birmingham News .
  15. ↑ Sider, Alison (January 15, 2011). "Lender acquires bank in Georgia" . Arkansas Democrat-Gazette .
  16. ↑ "Failed Bank Information for Oglethorpe Bank, Brunswick, GA". Federal Deposit Insurance Corporation.
  17. ↑ "Failed Bank Information: Information for First Choice Community Bank, Dallas, GA". Federal Deposit Insurance Corporation. April 29, 2011.
  18. ↑ Gargis, Jon (April 30, 2011). "First Choice Community Bank Closes; Bank of the Ozarks Takes Accounts". Patch Media .
  19. 1 2 "Bank of the Ozarks, Little Rock, Arkansas, Acquires All the Deposits of Two Georgia Banks" (Press release). Federal Deposit Insurance Corporation. April 29, 2011.
  20. ↑ Poling, Dean (April 30, 2011). "Park Avenue Bank closes". Valdosta Daily Times .
  21. ↑ Browdie, Brian (October 5, 2012). "Bank of the Ozarks to Buy Genala Banc in Alabama for $27 Million" .
  22. ↑ "Bank of the Ozarks, Inc. Completes Acquisition of Genala Banc, Inc. in Geneva, Alabama" (Press release). Business Wire. December 31, 2012.
  23. ↑ O'Daniel, Adam (January 30, 2013). "Bank of the Ozarks deploying 'war chest' in North Carolina expansion" . American City Business Journals .
  24. ↑ Pulsinelli, Olivia (December 10, 2013). "Bank of the Ozarks scoops up Houston bank" . American City Business Journals .
  25. ↑ Smith, David (January 31, 2014). "Bank of Ozarks agrees to purchase Summit, 11th acquisition since '10" . Arkansas Democrat-Gazette .
  26. ↑ O'Daniel, Adam (August 1, 2014). "Bank of the Ozarks to buy Intervest Bank for $228 million" . American City Business Journals .
  27. ↑ Craver, Richard (May 7, 2015). "Bank of the Carolinas to be sold to Arkansas bank" . Winston-Salem Journal .
  28. ↑ "Bank of the Ozarks, Inc. and Community & Southern Holdings, Inc. Enter into Definitive Agreement and Plan of Merger" (Press release). Business Wire. October 19, 2015.
  29. ↑ "Bank of the Ozarks, Inc. Announces Completion of its Merger With Community & Southern Holdings, Inc" (Press release). Business Wire. July 20, 2016.
  30. ↑ "Bank of the Ozarks, Inc. and C1 Financial, Inc. Enter into Definitive Merger Agreement" (Press release). Business Wire. November 9, 2015.
  31. ↑ "Bank of the Ozarks, Inc. Announces Completion of its Merger With C1 Financial, Inc" (Press release). Business Wire. July 21, 2016.
  32. ↑ "RankingBanking". Bank Director. Retrieved 2026-01-27.
  33. ↑ ["ANDREA MURPHY"," HANK TUCKER"]. "Forbes 2025 America's Best Banks". Forbes. Archived from the original on 2026-01-18. Retrieved 2026-01-27.
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