Bank of the Ozarks Completes Merger With C1 Financial, Inc.
July 21, 2016 in Corporate News, Uncategorized
We are excited to announce the completion of our merger with C1 Financial, Inc. effective July 21, 2016. This is our fifteenth acquisition since March 2010.
George Gleason, Bank of the Ozarks Chairman and Chief Executive Officer, stated:
Bank of the Ozarks is very pleased to complete the acquisition of C1 Bank, providing 33 strategically located and highly complementary Florida offices, including offices in some of Florida’s highest growth and strongest economic markets. We expect C1’s unique culture and leadership in technology and innovation to be transformational in our quest to be an industry leader in best-of-class customer experiences and operational efficiency. We have already begun to implement technology enhancements developed by C1 Bank which will benefit our clients throughout our nine state footprint and provide increased operational efficiencies. Our Florida clients now have access to 44 Florida banking offices and expanded service offerings.
Trevor Burgess, former President and Chief Executive Officer of C1 Financial, Inc. and founder of C1 Bank, was named Chief Innovation Officer of Bank of the Ozarks.
You can read the full press release HERE.