This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Bank Of The Ozarks To Open New York City Loan Production Office

Bank of the Ozarks expects to open a loan production office in New York, New York on July 5, 2013. This office will be an extension of Bank of the Ozarks’ successful Dallas-based Real Estate Specialties Group. Richard Smith, Executive Vice President, will lead the New York office.

Dan Thomas, Vice Chairman, Chief Lending Officer, and President of the Real Estate Specialties Group commented, “On many of the Real Estate Specialties Group’s transactions, the equity dollars, subordinated debt or mezzanine financing comes from New York sources. As we’ve worked with these sources over the years, it became apparent that having staff on the ground in New York would allow us to better serve our existing relationships and capitalize on future business opportunities.”

The Real Estate Specialties Group of Bank of the Ozarks opened in Dallas, Texas in 2003 and is focused on the origination and servicing of quality loans collateralized by all types of commercial real estate in markets across the United States. The Real Estate Specialties Group already operates two satellite offices, one in Austin, Texas which opened in January 2012 and one in Atlanta, Georgia which opened in July 2012. Bank of the Ozarks has received all regulatory approvals for the New York loan production office.

Richard Smith is a 25 year real estate veteran of the New York area. Smith has held senior lending positions in New York, working for banks, finance and investment companies. His expertise spans across all aspects of real estate finance including construction lending, bridge lending, mezzanine lending and loan administration. He received a bachelor’s degree and a Masters of Business Administration from Adelphi University in New York. Smith joined the Dallas office of Bank of the Ozarks’ Real Estate Specialties Group last month.

Bank of the Ozarks, Inc. is a bank holding company with $3.95 billion in total assets as of March 31, 2013 and trades on the NASDAQ Global Select Market under the symbol “OZRK.” The Company owns a state-chartered subsidiary bank that conducts banking operations through 117 offices in Arkansas, Georgia, Texas, Florida, North Carolina, Alabama and South Carolina. The New York loan production office will be Bank of the Ozarks’ 118 th office. The Company may be contacted at (501) 978-2265 or P. O. Box 8811, Little Rock, Arkansas 72231-8811. The Company’s website is: www.bankozarks.com.



Stock quotes in this article: OZRK 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs