Bank of the Ozarks Announces Agreement to Purchase Marshall Branch of Superior Federal Bank.LITTLE ROCK, Ark.--(BUSINESS WIRE)--May 28, 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) today announced the signing of a definitive agreement for the purchase of the Marshall branch of Superior Federal Bank, F.S.B. The acquisition will include the branch bank building and related assets, which will include all deposits and certain loans. Marshall is the county seat and largest community in Searcy County. Bank of the Ozarks will acquire more than 3,000 deposit accounts, totaling approximately $17.3 million in deposits. The bank plans to keep all Superior employees, so customers can expect a smooth transition. "Marshall and Searcy County comprise a vital growth market for Bank of the Ozarks, as do Harrison and Boone County Boone County is the name of eight counties in the United States, all named after explorer Daniel Boone:
Superior customers will receive more information about enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; and other benefits in June. Pending regulatory approval, the acquisition is expected to be completed in approximately 90 days. 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 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 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, Little Rock
Randy Oates, 501/374-6020
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