On Monday, Bank of the Ozarks opened its first full-service branch in Charlotte – and only its second in North Carolina – as the bank continues to push for a larger footprint in the state.
The two-story, 11,050-square-foot branch is at 4200 Park Road.
Bank of the Ozarks also plans to open a one-story branch in Cornelius at 19811 W. Catawba Ave.
On Monday, Cindy Wolfe, Bank of the Ozarks president for the Charlotte metropolitan area, told the Observer that the Cornelius branch, which has yet to be built, should be under construction by June and open by the first quarter of 2014.
Wilmington is home to the only other Bank of the Ozarks branch in North Carolina.
Bank of the Ozarks moved into that market after acquiring a failed bank, Bluffton, S.C.-based Woodlands Bank, in 2010.
Since then, Bank of the Ozarks has continued to make inroads in North Carolina.
In January, the bank announced plans to merge with First National Bank of Shelby, which operates in Cleveland, Gaston, Lincoln and Rutherford counties.
That deal is expected to close in the second or third quarter.
Publicly held, Little Rock, Ark.-based Bank of the Ozarks has had a loan-production office in Charlotte since 2001, but not a full-service branch.
The loan-production office is now in the new Park Road branch.
Roberts: 704-358-5248; Twitter: @DeonERoberts
The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.
Have a news tip? You can send it to a local news editor; email firstname.lastname@example.org to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.Read moreRead less