Summit Bancorp Inc.
The Top 10 Business Stories of 2014
Politics, white-collar crime, banking acquisitions, Turner Grain and more. Arkansas Business recaps the top 10 stories from the year that was 2014. read more >
Bank of the Ozarks 2Q Earnings Up 30 Percent
Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important. read more >
by George Waldon -
Bank of the Ozarks Expands Board to 15 Members
Greg McKinney, Bank of the Ozarks' chief financial officer and chief accounting officer, is elected to the firm's board of directors during its annual shareholders' meeting. The 45-year-old executive joined the company in 2003. read more >
by George Waldon -
Bank of the Ozark’s $216M Acquisition Nears Its Summit
The pending acquisition of Summit Bancorp Inc. of Arkadelphia by Bank of the Ozarks Inc. of Little Rock is heading into the station. Since the Jan. 30 announcement, the approval process has moved at a rapid clip. read more >
by George Waldon -
Summit’s CEO Ross Whipple To Plant Big Stake in Bank of the Ozarks After Merger
When the acquisition of Summit Bancorp is completed later this month, Ross Whipple also will become one of the largest shareholders at Bank of the Ozarks Inc. of Little Rock. read more >
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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Summit CEO Ross Whipple on Arkansas’ 4 Biggest Banking Issues
Ross Whipple is the chairman and CEO of Summit Bancorp Inc. He is also chairman of the board of trustees at Henderson State University and a board member of the Arkansas Forestry Association and the Arkansas Children’s Hospital Research Institute. read more >