Key Developments For Bank of the Ozarks Inc
Bank of the Ozarks Inc (OZRK.O) (Nasdaq)
Bank of the Ozarks, Inc. Announces Regular Quarterly Dividend
Bank of the Ozarks, Inc. announced that its Board of Directors has approved its regular quarterly cash dividend of $0.13 per common share. This dividend is payable November 6, 2009, to common shareholders of record as of October 30, 2009.
Bank of the Ozarks, Inc. Announces Regular Quarterly Dividend
Bank of the Ozarks, Inc. announced its Board of Directors has approved its regular quarterly cash dividend of $0.13 per common share. This dividend is payable August 7, 2009 to common shareholders of record as of July 31, 2009.
Bank of the Ozarks, Inc. Announces Regular Quarterly Dividend
Bank of the Ozarks, Inc. announced that its Board of Directors has approved its regular quarterly cash dividend of $0.13 per common share. This dividend is payable May 8, 2009 to common shareholders of record as of May 1, 2009.
Bank of the Ozarks, Inc. Announces Regular Quarterly Dividend
Bank of the Ozarks, Inc. announced that its Board of Directors has approved its regular quarterly cash dividend of $0.13 per common share. This dividend is payable February 6, 2009 to common shareholders of record as of January 30, 2009.
Bank of the Ozarks, Inc. Announces Preliminary Approval For Capital Purchase Program
Bank of the Ozarks, Inc. announced that it received preliminary approval effective November 19, 2008 from the U.S. Department of Treasury to participate in its Capital Purchase Program. Since receipt of preliminary approval, the Company has continued to evaluate the various costs and benefits of participation. The Company has tentatively decided to participate and expects to close the issuance of its preferred stock and warrants for common stock in mid-December 2008. Under the terms of the Capital Purchase Program and the Company’s preliminary approval, the Company will issue $75 million of preferred stock which will have a 5% per annum dividend rate for five years, and a 9% per annum dividend rate thereafter. The preferred stock may not be redeemed for three years except under certain circumstances. In addition the Treasury Department will receive warrants to purchase approximately 379,811 shares of the Company’s common stock at an exercise price of approximately $29.62 per share. These warrants will expire 10 years after issuance.
