Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP)

Overview

Bank OZK, originally known as Bank of the Ozarks, has been a steadfast provider of a wide range of retail and commercial banking services across the United States since its establishment in 1903. Positioned in Little Rock, Arkansas, the company has adapted and grown over the years to meet the evolving needs of individuals and businesses alike. Its decision to rebrand in July 2018 to Bank OZK reflects its commitment to innovation and expanding its services beyond its geographical roots, while continuing to offer personalized banking solutions and fostering community relationships.

Products and Services

Deposit Services: Bank OZK caters to both personal and business banking needs with a variety of accounts such as non-interest bearing checking, interest-bearing transaction accounts, business sweep accounts, savings, money market, individual retirement accounts (IRAs), and time and reciprocal deposits. These options are designed to accommodate the diverse financial management requirements of its clientele.

Trust and Wealth Services: The company extends several services aimed at wealth preservation and management, including personal trusts, custodial accounts, investment management accounts, and retirement accounts for individuals. For corporations, it offers trustee, paying agent and registered transfer agent services among other related services, ensuring that their corporate trust needs are fully catered to.

Treasury Management Services: To support businesses in managing their finances efficiently, Bank OZK provides comprehensive treasury management services. These include automated clearing house (ACH) transactions, wire transfers, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfers, reconciliation, positive pay, commercial card services, and more. Zero balance and investment sweep accounts are also available to optimize cash management.

Loan Services: The bank offers a wide range of lending options to meet various needs. This includes real estate loans for both consumers and businesses, small business loans, indirect recreational vehicle and marine loans, equipment loans, agricultural loans, commercial and industrial loans, government guaranteed loans, lines of credit, homebuilder loans, and affordable housing loans. Additionally, it provides lender and structured financing, business aviation financing, and subscription financing services.

Mortgage and Other Lending Products: Bank OZK also specializes in offering mortgage solutions and other related lending products to cater to the financing needs of its clientele.

Digital and Other Banking Services: Enhancing the banking experience, the company offers ATMs, as well as telephone, online, and mobile banking services, allowing customers to manage their finances conveniently. Credit and debit cards, safe deposit boxes, and various other banking products and services are also available to meet the comprehensive needs of its customers.