M&A Deal Summary

Bank OZK Acquires Summit Bancorp

On January 30, 2014, Bank OZK acquired financial services company Summit Bancorp for 216M USD

Acquisition Highlights
  • This is Bank OZK’s 1st transaction in the Financial Services sector.
  • This is Bank OZK’s largest (disclosed) transaction.
  • This is Bank OZK’s 1st transaction in the United States.
  • This is Bank OZK’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-01-30
Target Summit Bancorp
Sector Financial Services
Buyer(s) Bank OZK
Deal Type Add-on Acquisition
Deal Value 216M USD
Advisor(s) Stephens Investment Banking (Financial)
Dover Dixon Horne (Legal)

Target

Summit Bancorp

Arkadelphia, Arizona, United States
Summit Bank operates 23 banking offices and one loan production office in nine Arkansas counties.

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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 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Arizona) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Bancshares

Houston, Texas, United States

Bancshares, Inc. provides financial services in US.

Buy $22M
Mergr

Product

Company

Legal