Bank of the Ozarks Acquires 2 Strategic Little Rock Locations.LITTLE ROCK, Ark.--(BUSINESS WIRE)--May 1, 1998--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) has acquired two additional branch locations in Little Rock and plans to seek regulatory approval to operate full-service offices at both sites. The locations are 11102 Rodney Parham Road and 7500 Cantrell Road. Bank of the Ozarks plans to utilize the existing 2,500-square-foot branch bank building at the Rodney Parham site, which is a half-block west of 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. Valley Drive next to Waldenbooks. The company plans to build a new 2,700-square-foot office at the Cantrell Road site, which is a half-block east of Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by Street across from the Tanglewood Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . "These two prime locations, in addition to our existing downtown office and a fourth office under construction at West Markham and Chenal Parkway, should give us three full-service branches in Little Rock by mid-year and another by year end," said George Gleason, chairman and chief executive officer of Bank of the Ozarks. "Plus, we are actively seeking a site in North Little Rock to expand our presence in this highly competitive market." Bank of the Ozarks plans to offer complete banking services, including loans, drive-through banking and drive-up ATMs, at all four Little Rock locations. Pending regulatory approval, the Rodney Parham office is expected to open within 45 days in the building that originally housed a Union National Bank branch and, more recently, was a branch of Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . Construction on the Cantrell Road site is expected to commence this summer with completion and opening, subject to regulatory approval, around year-end. The company's current downtown office at Markham and Chester streets, just off LaHarpe Boulevard, began serving customers in late February and has approximately tripled its deposits in the last two months. Pending regulatory approval, the office at West Markham Street and Chenal Parkway in the new corporate headquarters of Bank of the Ozarks is expected to open in June as a full service branch. Bank of the Ozarks, Inc. trades on the NASDAQ National Market under the symbol "OZRK". The company owns two state chartered subsidiary banks and one federal savings bank operating 16 branches and two loan production offices in 14 communities throughout northern, western and central Arkansas. The company's corporate offices are located at 425 W. Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Avenue, Suite 3100, Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry 72201. CONTACT: Bank of the Ozarks Inc., Little Rock Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion