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Bank of the Ozarks captures national spotlight for lending practices – Tampa Bay Business Journal

Bank of the Ozarks Chairman and CEO George Gleason told Wall Street analysts that the fast-growing Arkansas banking giant plans to continue expanding its profitable real estate specialties group and other key businesses, but will pull out of the small ticket leasing business and halt secondary mortgage lending to consumers.

Bank of the Ozarks, Inc. Completes Acquisition of Intervest bancshares corporation. simultaneous with the closing of the merger, Intervest National Bank, Intervest’s wholly-owned bank subsidiary, merged with and into the Company’s wholly-owned bank subsidiary, Bank of the Ozarks.

Bank of the Ozarks Review: My Change Keeper. A signature offering from Bank of the Ozarks, My Change Keeper is a free add-on for any checking account with the bank. Each time a participating account holder uses their Bank of the Ozarks Visa Debit Card, the bank rounds the total up to the nearest dollar amount.

Simultaneous with the closing of this merger, Community & Southern Bank, C&S’ wholly-owned bank subsidiary, merged with and into the Company’s wholly-owned bank subsidiary, Bank of the Ozarks.

$737 million in green-tech loan to company connected to Pelosi family? Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.

Bank of the Ozarks was founded in 1903 in Jasper, Arkansa. The company operates a chain of banks that do business in 9 states. Current CEO and owner, George Gleason, purchased the bank in 1979. At that time, the company had

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Summary. Bank of the Ozarks has a robust pool of closed loans that have not yet advanced. The balance sheet does not show these loans. The vast majority of these loans will advance, providing strong future growth. Just looking at the balance sheet isn’t always enough. Sometimes, valuable assets are hidden away.

Commercial real estate exposure is the bogeyman George Gleason can’t seem to put to rest. Gleason, chairman and CEO of Bank of the Ozarks, has spent two years trying to convince analysts and shareholders that the Little Rock, Ark., company has found a way to aggressively – and conservatively – make CRE loans through a national platform.

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