Bank OZK Grows Its Texas Branches

A Bank OZK branch in Houston, Texas (Shutterstock)

Last year, Texas was a busy market for branch development at Little Rock’s Bank OZK. The $38.3 billion-asset lender pursued a dozen new full-service offices and the relocation of three others in the Lone Star State.

Those projects will increase its Texas branch network to 37. Three of the new projects were covered in earlier banking columns. Here are details about the nine others.

Six are in the DFW metro area, including three new Bank OZK markets: Hickory Creek along with nearby Denton and Colleyville. The remaining three branches are in Dallas, Fort Worth and Plano.

Austin, Houston and the Houston suburb of Friendswood, a new market for Bank OZK, round out the Texas projects unveiled during 2024.

In Hickory Creek, the bank is setting up shop at 4400 FM 2181, formerly occupied by Bank of America of Charlotte, North Carolina. A regulatory check of that market indicates no other bank office in the city of 5,700.

In Denton, Bank OZK is moving into a former Grandy’s restaurant at 2217 S. Interstate 35E. The $3.7 billion-deposit market is home to 20 banks. No other Arkansas lenders are on the ground in Denton, where the biggest share of deposits is held by Wells Fargo Bank of Sioux Falls, South Dakota, $710.5 million (19.18%).

In Colleyville, Bank OZK will set up shop at 4841 Colleyville Blvd., formerly owned by PNC Bank of Wilmington, Delaware. The $1.8 billion-deposit market hosts a competitive field of 10 banks.

The local market share leader in deposits is JPMorgan Chase Bank of Columbus, Ohio, $662 million (36.93%).

The new Dallas location at 9728 Greenville Ave. will give Bank OZK four full-service branches in the $232 billion-deposit market. The office was formerly an asset of Capital One Bank of McLean, Virginia.

Among the 90 banks in Big D, Bank OZK holds deposits of $1 billion (0.47%).

The largest share of Dallas deposits is held by Bank of America, $102.9 billion (44.39%).

The new Fort Worth branch will give Bank OZK two offices in the $31 billion-deposit market. The 4401 Basswood Blvd. location formerly housed a PNC branch.

Of the 60 banks in the market, Bank OZK’s one branch in Fort Worth accounted for deposits of $66 million (0.21%).

A former PNC location at 848 W. Spring Creek Parkway will become Bank OZK’s second full-service branch in Plano.

The bank’s existing office holds deposits of $204 million (1.05%) in the $19.4 billion-deposit market.

The top shares of deposits among 42 banks in Plano are held by JPMorgan, $4 billion (20.79%); and Texas Capital Bank of Dallas, $2.5 billion (12.74%).

In Austin, Bank OZK has taken over a former Capital One location at 900 Ranch Road 620 South, Suite D-100 for its third office in the $47.6 billion-deposit market.

Among 58 banks in Austin, Bank OZK holds deposits of $130.8 million (0.27%). The biggest shares of Austin’s deposits are at JPMorgan, $9.1 billion (19.18%); and Texas Capital Bank, $8.3 billion, (17.54%).

In Houston, a former Capital One location at 1520 Studemont St. is hosting Bank OZK’s fifth branch in the $232.4 billion-deposit market. Among 76 banks, Bank OZK holds deposits of $371 million (0.16%).

At the top is JPMorgan, with deposits of $133 billion (57.21%).

In Friendswood, Bank OZK will operate out of a former PNC branch at 301 E. Parkwood Ave. No Arkansas bank currently operates in the $1.6 billion-deposit market.

Leading the competitive field of 12 banks in Friendswood are JPMorgan, with deposits of $473 million (29.88%); and HomeTown Bank of Galveston, $327 million (20.68%).