Bank of the Ozarks Makes $67.8M Deal for NC Bank

by George Waldon  on Thursday, Jan. 24, 2013 5:26 pm  

George Gleason, CEO of Bank of the Ozarks, says a decade of experience in North Carolina has prepared the bank for the acquisition of $857 million-asset First National Bank of Shelby. (Jason Burt)

The $4 billion-asset bank holding company is buying The First National Bank of Shelby in a stock-cash transaction. The deal will increase Bank of the Ozarks' assets by more than 20 percent.

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