Bank OZK Names Jake Shapiro Managing Director, Digital Banking

Rhea-AI Summary

Bank OZK (Nasdaq: OZK) has appointed Jake Shapiro as Managing Director of Digital Banking. With over 20 years of experience in business transformation and fintech, Shapiro aims to enhance the bank's digital banking services. Carmen McClennon, Chief Retail Banking Officer, emphasized that his expertise will help achieve the bank's vision for leadership in the industry. Bank OZK, established in 1903 and operating over 250 offices across nine states, has total assets of $26.89 billion as of September 30, 2020.

Positive

• Appointment of Jake Shapiro as Managing Director, Digital Banking to drive digital transformation.
• Shapiro's 20+ years of experience and fintech expertise will strengthen digital banking capabilities.
• Bank OZK's total assets of $26.89 billion indicate strong financial stability and capacity for growth.

Negative

• None.

Shapiro will lead consumer and business digital banking transformation

LITTLE ROCK, Ark., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Bank OZK (Nasdaq: OZK) announced that Jake Shapiro has joined the bank as Managing Director, Digital Banking. Shapiro is an accomplished business transformation leader with expertise in leading-edge technologies and digital banking platforms for international and domestic organizations.

“Jake’s fintech background, deep technical foundation and leadership in business transformation will help us achieve our vision to lead the industry in digital banking services,” stated Carmen McClennon, Chief Retail Banking Officer.

Shapiro brings more than 20 years of experience to Bank OZK, including work at successful technology startups and technology giants. He holds a bachelor’s degree in Computer Science from Concordia University in Montreal, QC, Canada.

GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations through more than 250 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Texas, South Carolina, New York, California and Mississippi and had $26.89 billion in total assets as of September 30, 2020. Bank OZK can be found at www.ozk.com and on Facebook, Twitter and LinkedIn or contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, Arkansas 72231-8811.

The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC’s website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s investor relations website at ir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-notification/default.aspx to sign up.

Media Contact:	Susan Blair 501-978-2217
Investor Relations Contact:	Tim Hicks 501-978-2336

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c3f1887-3697-4450-b53c-4be7f7b50d9e

FAQ

What is the significance of Jake Shapiro's appointment at Bank OZK?

Jake Shapiro's appointment as Managing Director of Digital Banking is significant as it aims to enhance Bank OZK's digital banking transformation and improve service offerings.

How many years of experience does Jake Shapiro have in digital banking?

Jake Shapiro brings over 20 years of experience in business transformation and fintech to Bank OZK.

What are the total assets of Bank OZK as of September 2020?

As of September 30, 2020, Bank OZK has total assets amounting to $26.89 billion.

In which states does Bank OZK operate?

Bank OZK operates in nine states: Arkansas, Georgia, Florida, North Carolina, Texas, South Carolina, New York, California, and Mississippi.