Banking & Savings M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:19 PM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #57. Bank of the Ozarks, Inc. — Bancshares, Inc.
Acquirer:
Bank of the Ozarks, Inc. (OZRK)
Acquiree:
Bancshares, Inc.
Details:
Bank of the Ozarks, Inc. (NASDAQ:OZRK) announced today the completion of its acquisition of Bancshares, Inc. ("Bancshares") of Houston, Texas effective March 5, 2014 for an aggregate of $21.5 million in cash. The transaction is expected to be accretive to diluted earnings per common share.
Bank of the Ozarks provided a range of retail and commercial banking services through 253 offices in Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, California, New York and Mississippi, as of Dec 31 2017. Co. provides a variety of commercial and consumer lending products to its customers, including real estate loans, consumer and small business loans, indirect consumer marine/RV loans, business aviation financing, commercial and industrial loans, government guaranteed loans and agricultural loans, among others. As of Dec 31 2017, Co. had total assets of $21,275,647,000 and total deposits of $17,192,345,000.
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