Who is Melanie Steele… And Why Is She Buying All This Stuff?
Since the beginning of the year, Melanie Steele has paid $1 million for a home in Chenal Valley; $385,000 for a house in Canal Pointe and $92,000 for the lot next door; $357,500 for a house in the Lakewood section of North Little Rock; and $80,000 for a house that she then moved off its lot in Indian Hills.
All in cash. read more >
by Gwen Moritz -
St. John’s Apartments Subject of Latest Lawsuit Against Henry Corp.
Add one more to the pile of suits stacked on the remains of Little Rock’s Henry Corp. The latest strike against the former property management group is a complaint filed against the company’s leader, David Henry, and his ex-wife, Madeline Henry, by Bank of the Ozarks. read more >
Bank of the Ozarks Settles In at Park Avenue Digs
Not much has been written about the loan production office opened by Bank of the Ozarks in New York City, a decision that was announced last summer, so your Whispers staff thinks it’s time to introduce readers to the classy digs. read more >
Bank of the Ozarks Completes Purchase of Texas Bank
Bank of the Ozarks Inc. of Little Rock completes its acquisition of Omnibank parent Bancshares Inc., a $301 million-asset holding company based in Houston. read more >
by Lance Turner -
OZRK CEO George Gleason’s Pay, Options Exceed $8M in 2013
George Gleason, chairman, CEO and largest shareholder of Bank of the Ozarks Inc., was paid $4.3 million in total compensation last year and realized an additional $3.8 million by exercising stock options. read more >
by Gwen Moritz -
Whirlwind Romance Leads to Corporate Union of Summit Bank, Bank of the Ozarks
The way Ross Whipple and George Gleason described it, the courting process between Summit Bancorp Inc. of Arkadelphia and Bank of the Ozarks Inc. of Little Rock was abbreviated. read more >
by George Waldon -
Update: Bank of the Ozarks to Buy Summit Bancorp for $216M
Bank of the Ozarks Inc. of Little Rock announces a $216 million deal to buy Summit Bancorp Inc. of Arkadelphia, continuing a streak of Arkansas bank mergers that began last year. The deal will also be the second big bank transaction for Summit CEO Ross Whipple, who sold Horizon Bancorp Inc. in 1998 for 3.2 times book value. read more >
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Bank of the Ozarks Sees Twilight on Sundowner Investment
In “Other Real Estate Owned” news (aka OREO), a Little Rock lender recently got shed of some residential holdings in Washington County. read more >
4Q Profit Up 18 Percent at Bank of the Ozarks
Net income at the Little Rock bank holding company was up by 13.1 percent during 2013. read more >
by George Waldon -
Bank of the Ozarks To Buy Texas Bank for $23 Million
The cash purchase of Bancshares Inc., parent company of Omnibank, will expand the Texas footprint of Bank of the Ozarks in the Houston and Austin area markets. read more >
by George Waldon -
Greg McKinney of Bank of the Ozarks (CFO of the Year Finalist, Large Bank)
A year ago, when Greg McKinney was a finalist for CFO of the Year in the same large bank category, he predicted that Bank of the Ozarks Inc. would have scores more opportunities to bid on failing banks around the country. read more >
Bank of the Ozarks 3Q Net Income Up 16 Percent to $22.4M
Bank of the Ozarks Inc. of Little Rock announces third-quarter net income of $22.4 million, up 16 percent from $19.3 million during the same quarter last year. read more >
by Lance Turner -
Tyler Vance Looking After Bank of the Ozarks Operations
Tyler Vance has been promoted to chief operating officer at Bank of the Ozarks Inc. read more >
Statewide Bank Deposits Dip Slightly, New FDIC Report Shows
Bank deposits in Arkansas declined by about a half-percent in the 12 months that ended June 30, according to the annual summary of deposits released Monday by the Federal Deposit Insurance Corp. Total deposits statewide dropped back to $53.1 billion, down $267.6 million in a year. read more >
by Gwen Moritz -
Bank of the Ozarks Closes Deal to Buy First National Bank of Shelby
Bank of the Ozarks Inc. of Little Rock completes its acquisition of First National Bank of Shelby, N.C., a $68.5 million deal the company first announced in January. read more >
by Lance Turner -
Bank of the Ozarks Reports 7 Percent Rise in Earnings
Bank of the Ozarks reports a 6.8 percent increase in second quarter earnings. The $20.4 million performance compares to $19.1 million a year ago. read more >
by George Waldon -
Bank of the Ozarks to Open Loan Office in New York
Bank of the Ozarks Inc. of Little Rock said it plans to open a loan production office in New York City on Friday. read more >
Bank of the Ozarks Find Chad Necessary To Head Systems Security (Movers & Shakers)
Chad Necessary has been named senior vice president and information systems security officer at Bank of the Ozarks in Little Rock. Necessary has 17 years of experience in information technology. read more >
25 Failed Banks Attract Bids From Arkansas
Of the 51 bank failures last year, at least 25 drew attention from Arkansas financial institutions, according to the Federal Deposit Insurance Corp. But only three resulted in winning bids by Arkansas lenders. read more >
by George Waldon -
Bank of the Ozarks Shareholders Like George Gleason Show
His skills with PowerPoint may be rusty, but Bank of the Ozarks chairman and CEO George Gleason's ability to lead Bank of the Ozarks to record earnings in 14 of the past 16 years helps build a mountain of goodwill. read more >
by George Waldon -