M&A Deal Summary

Bank OZK Acquires Bank of the Carolinas

On August 5, 2015, Bank OZK acquired financial services company Bank of the Carolinas

Acquisition Highlights
  • This is Bank OZK’s 3rd transaction in the Financial Services sector.
  • This is Bank OZK’s 3rd transaction in the United States.
  • This is Bank OZK’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2015-08-05
Target Bank of the Carolinas
Sector Financial Services
Buyer(s) Bank OZK
Deal Type Add-on Acquisition

Target

Bank of the Carolinas

Mocksville, North Carolina, United States
Bank of the Carolinas Corp. is a provider of financial services.

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Buyer(S) 1

Buyer

Bank OZK

Little Rock, Arkansas, United States

Category Company
Founded 1903
Sector Financial Services
Employees2,744
Revenue 1.6B USD (2023)
DESCRIPTION

Bank OZK is a regional bank. Bank of the Ozarks conducts operations through 254 offices in Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, California, New York, and Mississippi. Bank OZK was incorporated in 1903 and is based in Little Rock, Arkansas.


DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Bancshares

Houston, Texas, United States

Bancshares, Inc. provides financial services in US.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Community & Southern Holdings

Atlanta, Georgia, United States

Community & Southern Holdings, Inc. and its wholly owned subsidiary, Community & Southern Bank, is one of Georgia’s strongest banks with more than $4.0 billion in assets. Community & Southern Bank is headquartered in Atlanta, Georgia and operates 47 branches throughout Georgia and one office in Jacksonville, Florida.

Buy -