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Marine lender rebrands

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Bank of the Ozarks has rebranded to Bank OZK. The Little Rock-based bank, a major marine lender, has also taken the Nasdaq ticker symbol OZK.

A statement said the name change reflects the evolution from an Arkansas community bank into a much larger regional bank with national lending businesses. Bank OZK says it is among the top 10 indirect marine and RV lenders in the country. It provides floorplan financing to dealers in all 48 contiguous states.

“Marine and RV financing is an increasingly important line of business for Bank OZK,” said John Redmond, president of Bank OZK’s indirect lending group, in the statement. “We’re looking forward to embracing an even larger role in the nation’s indirect financing landscape under the banner of Bank OZK.”

The new name and logo appear on the bank’s website, correspondence and documents. Signage with the new name will be installed at its 253 banking offices over the next 60 days. Bank OZK had $22.5 billion of total assets as of June 30, 2018. 

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