Bank OZK (OZK) Raises Quarterly Dividend 0.9% to $0.2725; 4.8% Yield

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Go back to Bank OZK (OZK) Raises Quarterly Dividend 0.9% to $0.2725; 4.8% Yield

Bank OZK (OZK) Reports Sale of Alabama Branches

July 2, 2020 6:16 AM EDT

Bank OZK (NASDAQ: OZK) today announced that it has entered into two separate Purchase and Assumption Agreements to sell its only two Alabama branches. The Bank has agreed to sell its Mobile, Alabama branch (Mobile Branch) to Merchants & Marine Bank (M&M), a wholly owned subsidiary of Merchants & Marine Bancorp, Inc. headquartered in Pascagoula, Mississippi. The Bank has agreed to sell its Geneva, Alabama branch (Geneva Branch) to 22nd State Bank (22nd State), a wholly... More