Bank of the Ozarks Continues to Feed on Failed Banks

36th ranked Oglethorpe Bank was the first bank to close this week. Based in Brunswick, GA this small bank of approximately $230.6 million in total assets and $212.7 million in total deposits was acquired by 3060th ranked Bank of the Ozarks based in Little Rock, AR. Oglethorpe Bank was the 5th bank acquired to be acquired by the Bank of the Ozarks since March of last year. Previous banks include: Unity National Bank, Chestatee State Bank, Horizon Bank and Woodlands Bank.