LITTLE ROCK, Ark.--(BUSINESS WIRE)--
Bank of the Ozarks, Inc. OZRK announced today that it has
entered into a definitive agreement and plan of merger (“Agreement”)
with Bancshares, Inc. (“Bancshares”) in Houston, Texas. According to the
terms of the Agreement, Bank of the Ozarks, Inc. (“Company”) will
acquire all of the outstanding common stock of Bancshares in a
transaction valued at approximately $23 million, subject to potential
adjustments. Closing of the transaction is expected to be accretive to
the Company's diluted earnings per common share immediately thereafter.
Bancshares is headquartered in Houston, Texas, and operates eight
offices through OMNIBANK, N.A. (“OMNIBANK”), its wholly-owned bank
subsidiary, including three offices in Houston, one office in San
Antonio, two offices in
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in