Bank OZK Recognized for More than $10 Million to Community Investment

FHLB Dallas awarded Bank OZK with the 2018 CARE Award for its commitment to community investment at the FHLB Dallas Annual Conference last week.

From left: Sanjay Bhasin, president and CEO, FHLB Dallas; Amanda Hooks, CRA Analyst II, Bank OZK; Penny King, Community Development Officer, Bank OZK; Angela Hudson, Director of Community Responsibility, Bank OZK; Eric Gustafson, CRA and Community Development Investment Officer, Bank OZK; and Greg Hettrick, first vice president, director of Community Investment, FHLB Dallas.

 

Bank OZK was honored by the Federal Home Loan Bank (FHLB) with the CARE Award for our commitment to investing in Low-and Moderate Communities throughout the Bank’s footprint.

“CARE” stands for “Community Area Revitalization Efforts,” and indeed, Bank OZK has invested over $10 million in grant funding in partnership with FHLB Dallas for affordable housing, disaster relief, and community revitalization.

“Whatever the size of the community, and however the needs change, we certainly want to be there and support the needs of the community,” Bank OZK CEO George Gleason said in a video produced by FHLB Dallas. “We want to contribute to their lives in a very positive way.”

We want to help our local communities thrive, and the communities we serve have shown their appreciation.“Bank OZK has worked tirelessly to positively impact its community in partnership with community nonprofits and with FHLB Dallas,” said FHLB Dallas President and CEO Sanjay Bhasin, in a press announcement. The CARE award provided Bank OZK with $7,500 to support a community-based organization of our choice, and we chose Habitat for Humanity of Central Arkansas.

“We’re able to put people in their own homes at typically half the price than what they’re paying for rent,” said Lee Bass, Habitat for Humanity of Central Arkansas’ executive director. “Without the support of our partners like Federal Home Loan Bank of Dallas and Bank OZK,we simply couldn’t exist.”