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Bank of the Ozarks, Inc.
OZRK announced today that it has entered
into a definitive agreement and plan of merger (“Agreement”) with Genala Banc,
Inc. According to the terms of the Agreement, Bank of the Ozarks, Inc.
(“Company”) will acquire all of the outstanding common stock of Genala Banc,
Inc. in a transaction valued at approximately $27.3 million. Following
closing, the transaction is expected to be accretive to the Company's book
value per common share, tangible book value per common share and diluted
earnings per common share.
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