Bank of the Ozarks will construct its fourth operations building in downtown Ozark, Arkansas and create as many as 133 new jobs in Ozark over the next five years. Plans for the new building and job growth in Ozark were announced April 19.
Governor of Arkansas Asa Hutchinson, Arkansas Economic Development Commission (“AEDC”) Director Mike Preston, Ozark Mayor T.R. McNutt and others from the community joined Gleason in the announcement.
George Gleason, Chairman of the Board and Chief Executive Officer of Bank of the Ozarks, said the new operations building will add 36,761 square feet of office space and additional parking to the bank’s Ozark campus. It will join three existing buildings that house Bank of the Ozarks’ operations centers and backup data facility.
Recalling his purchase of the bank in 1979, Gleason said he was the bank’s 28th employee. Today, Bank of the Ozarks employs 2,500 team members in 254 offices across 10 states.
“We are pleased with our growth, enthusiastic for our future, and proud of our Ozark legacy — and we continue to sink our roots deeper into this community,” Gleason said. “Our people and culture of excellence are among the prime reasons we are able to make today’s announcement, as well as the reason we have been named the nation’s top performing bank twelve times in the past eight years.
“This culture of excellence was born in Ozark, it continues to thrive here and it goes with us as we grow,” Gleason continued. “As Bank of the Ozarks has grown, we have had the opportunity to increase jobs in Ozark to support our customers and bankers across the state and nation.”
Gleason saluted Governor Hutchinson, the AEDC and city officials for their work to support job creation in Ozark and throughout Arkansas. He also recognized the Ozark campus of Arkansas Tech University, which has developed special courses to prepare local employees for careers at the bank’s operations center.
Construction is expected to begin mid-year 2018 and be completed in the 3rd or 4th quarter of 2019.