Bank of the Ozarks, Inc. Announces Two-For-One Stock Split.Business Editors LITTLE ROCK, Ark.--(BUSINESS WIRE)--May 21, 2002 Bank of the Ozarks, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :OZRK) today announced that its Board of Directors, at its regularly scheduled meeting, declared a two-for-one stock split of its common stock. The stock split will be in the form of a stock dividend and will be effected by issuing one additional share of common stock for each outstanding share of common stock. The additional shares will be distributed on June June: see month. 17, 2002 to shareholders of record on June 3, 2002. The stock split will increase the total number of shares of common stock outstanding from approximately 3.8 million to approximately 7.6 million. George Gleason, Chairman and Chief Executive Officer stated, "This is our Company's first stock split since our 1997 initial public offering and is intended to make our shares more accessible to individual shareholders, increase our overall shareholder base and provide more market liquidity. The decision by our Board to split our stock underscores our continuing commitment to the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth of our franchise." Bank of the Ozarks, Inc. is a bank holding company with $867 million in total assets as of March 31, 2002 and trades on the NASDAQ National Market under the symbol "OZRK." The Company owns a state-chartered subsidiary bank that conducts banking operations through 30 offices in 21 communities throughout northern, western and central Arkansas Arkansas, river, United States Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. and a loan production office in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. . The Company may be contacted at 501/978-2265 or P.O. Box 8811, Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry 72231-8811. The Company's website is www.bankozarks.com. |
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