Bank of the Ozarks eyes 2-for-1 stock split.

Bank of the Ozarks Inc.'s board of directors has approved a two-for-one split of its common stock.

The stock split is subject to shareholder approval at a meeting set for Dec. 9.

The company said it will split the stock in the form of a stock dividend, issuing one additional share of common stock for each outstanding share of common stock. The company said it expects the record date for the stock split to be Nov. 26, with an effective date of Dec. 10.

The stock split will double the total number of its outstanding shares of common stock.