Bank of the Ozarks Inc. of Little Rock said Tuesday that it will sell more than 2 million shares of common stock at a price of $52.42 per share — about $110 million.
The stock offering, expected to close Tuesday, will fund "general corporate purposes," including a capital contribution to the its bank subsidiary "to support its expected growth in non-purchased loans and leases."
Publicly traded (Nasdaq: OZRK) Bank of the Ozarks is a bank holding company with $9.3 billion in total assets as of Sept. 30. The company owns a state-chartered subsidiary bank that conducts banking operations through 174 offices in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California.