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Foundation Year
1903
Office Address
17901 Chenal Parkway Little Rock, AR 72223
Phone number
+1-833-405-6071
Locations
USA
Pros
Cons
Bank of the Ozarks (also known as Bank OZK) is a regional bank founded in 1903. It offers various services, including savings account, checking accounts, certificates of deposit (CDs). The bank doesn’t offer a money market account (MMA). The bank also offers business banking services, trust and wealth management.
The bank is headquartered in Little Rock, Arkansas with more than 250 locations in 8 states. The company had $23.55 billion in assets in December 31, 2019.
The bank began with a community bank in Jasper, Arkansas in 1903. In 1937, it expanded to a 2nd location in Ozark, Arkansas.
Bank OZK is owned by George Gleason, a lawyer specializing in banking at the Rose Law Firm. The man bought the company in 1979 when it had $28 million in assets and renamed it to Bank of the Ozarks.
Chief stockholders include SSgA Funds Management, Inc., The Vanguard Group, Inc., and BlackRock Fund Advisors.
The bank’s services are available in more than 250 locations in Texas, Georgia, Mississippi, Alabama, Arkansas, North Carolina, South Carolina and Florida. The bank also operates a regional ATM network in the same states.
| Products | Features |
| Checking Accounts |
|
| Savings Accounts |
|
| Certificates of Deposit |
|
| 12 Month | 0.40% APY |
| 24 Month | 0.75% APY |
| 36 Month | 1.00% APY |
| 48 Month | 1.26% APY |
| 60 Month | 1.51% APY |
Yes. You can access your account at Bank OZK online, and some accounts can be opened online as well. Besides, you can manage all checking and savings accounts on your smartphone via the mobile app. On iTunes, the app has a 3.1-star rating.
You can open a checking account or a CD on the bank’s website, and you can also open accounts in a physical branch. For this, you’ll need money to meet the minimum opening deposit requirement for the requested account and identification like a driver’s license or ID card. You’ll also need to provide your Social Security number and your address.
Yes. Your account at Bank OZK is insured to the maximum amounts allowed by the Federal Deposit Insurance Corporation (FDIC).
The highest interest rate available at the bank is for the 24-month CD at 0.45% APY, which isn’t high. If you’d like to earn high interest and save more money, you may need to search for another bank.
The MaxYield checking account earns at a 0.05% rate, which is not bad for a checking account. As long as you avoid the monthly fee, this option could be attractive for you.
This bank offers multiple deposit accounts that are accessible both in-person and online. You can easily waive monthly service fees (with the exception of the Bonus Checking account). If you live in one of the areas serviced by the bank and you prefer an in-person experience, Bank OZK could be a good option for you. If you’d like to maximize your saving potential and get the best rate possible, then this company probably isn’t best for you.
It’s sad that almost every time I want to access my bank account online, it’s always down! The bank is average, nothing special. The employees are nice and friendly. But their online banking is horrible since one can rarely use it because it won’t work.
The staff is always friendly and very professional in taking care of customers. Fast service, no queues. The app works well when I cannot access a branch. I have 2 checking accounts there (business accounts) and will continue to recommend this bank to every person I know. You should give them a try.
Please do NOT use their services! Waste of time especially when you are trying to check your balance online. Please walk away.
They have the best customer service ever. They always know your name and make you feel a VIP person, which I appreciate. Every bank should treat its customers this way. I’m very happy with this bank and will never refuse their services unless some-thing really changes.
They have the worst app ever. Half the time I can’t access the app, and when it lets me in, it won’t navigate from the home account page to the transactions. It gets worse with every update. Horrible app.
We are accessible 24/7 for your convenience. If you have any questions about our service, please free to contact us.