Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 11:37 AM
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Slide #5. Bank OZK — Preferred Stock Offering
Bank OZK (NASDAQ:OZK)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Bank OZK (the "Bank") (Nasdaq: OZK) today announced the pricing of a public offering of 14,000,000 shares of its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, and with a liquidation preference of $25 per share (the "Series A Preferred Stock"). The offering is expected to close on or about November 4, 2021, subject to the satisfaction of customary closing conditions.
Bank OZK provides a range of retail and commercial banking services. Co. provides a variety of commercial and consumer lending products to its customers, including most types of real estate loans, consumer and small business loans, indirect Recreational Vehicle and marine loans, business aviation financing, commercial and industrial loans, government guaranteed loans, agricultural loans, homebuilder loans, affordable housing loans and subscription financing, among others. Co. provides an array of deposit products, including non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, and time deposits.
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Buy (3.17 out of 4)
(ranked lower than approx. 67% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com