Bank of the Ozarks will construct its fourth operations building in downtown Ozark, Arkansas. The company plans to create as many as 133 new jobs over the next five years.
George Gleason, Chairman of the Board & CEO of Bank of the Ozarks, said the new operations building will add 36,761 square feet of office space and additional parking to the bank’s campus at the intersection of West College Street and North 7th Street. It will join three existing buildings that house Bank of the Ozarks’ operations centers and backup data facility.
“We are pleased with our growth, enthusiastic for our future, and proud of our Ozark legacy, and we continue to sink our roots deeper into this community,” Gleason said. “Our people and culture of excellence are among the prime reasons we are able to make today’s announcement, as well as the reason we have been named the nation’s top performing bank 12 times in the past eight years.”
The new four-story building will join the former headquarters of Bank of the Ozarks built in 1985, the former Ozark municipal building which the bank purchased and first occupied in 2006, and the Kennith Smith Operations Center built in 2010. Construction is expected to begin mid-year 2018 and be completed in the 3rd or 4th quarter of 2019.
Recalling his purchase of the bank in 1979, Gleason said he was the bank’s 28th employee. Today, Bank of the Ozarks employs 241 people locally, giving the bank a total of approximately 2,500 team members in 254 offices across 10 states.
“This culture of excellence was born in Ozark, it continues to thrive here and it goes with us as we grow,” Gleason said. “As Bank of the Ozarks has grown, we have had the opportunity to increase jobs in Ozark to support our customers and bankers across the state and nation.”
The building will offer 235 modern work spaces including 25 offices, innovative technology, emergency standby generating capacity and all LED lighting.
Bank of the Ozarks announced on March 15, 2018, that it intends to change its name to Bank OZK as part of a rebranding strategy reflecting its growth from an Arkansas community bank to a regional bank with national lending businesses.
Gleason explained, “Bank OZK is a name that reflects both our rich heritage and our commitment to be a leader in technology and innovation as we expand across the United States. Just as importantly, the name Bank OZK reminds us to carry the spirit of this community wherever we go. Our roots are here and, as this new building demonstrates, so is our future.”