Bank of Ozarks

And
Horizon Bank

Presented By,
Quartz
 Horizon bank
• Horizon Bank, Bradenton, FL was closed by the Florida Office of
Financial Regulation and the Federal Deposit Insurance Corporation
(FDIC) was named Receiver. No advance notice is given to the public
when a financial institution is closed.
• All deposit accounts, excluding brokered deposits, have been
transferred to Bank of the Ozarks, Little Rock, AR and will be available
immediately. The former Horizon Bank locations will reopen as
branches of Bank of the Ozarks during regular business hours.
• Cheques that were drawn on Horizon Bank that did not clear before
the institution closed will be honored as long as there are sufficient
funds in the account. 
• If you had a loan with Horizon Bank, you should continue to make your
payments as usual.  
 Bank of Ozarks
• Bank of the Ozarks, Inc. is one of Arkansas' fastest growing
and most profitable banking organizations. The Company
is noted for its excellent loan and deposit growth, asset
quality, efficiency and earnings.
• Bank of the Ozarks grew from two small community banks
started in Jasper, Arkansas in 1903 and Ozark, Arkansas in
1937. In 1979 George Gleason, a young attorney,
purchased controlling interest. At that time, the bank had
approximately 28 employees and total assets of $28
million. Mr. Gleason assumed active management of the
bank as Chairman of the Board and Chief Executive Officer.
 Decline for the Horizon bank
• Horizon Bank was undercapitalized since the second quarter of 2009,
when a $6.9 million net loss pushed the institution‘s leverage ratio
down to 4.04% and its total risk-based capital ratio to 6.66%. These
ratios need to be at least 5% and 10% for most banks and thrifts to be
considered well capitalized by regulators. The capital ratios need to be
at least 4% and 8% for most to be considered adequately capitalized.
• By June 30, 2010, the capital ratios had declined to 1.43% and 3.14%,
and Horizon Bank's ratio of nonperforming assets - loans past due 90
days or in nonaccrual status and repossessed real estate - comprised
12.18% of total assets. The institution was ordered on March 9 to raise
sufficient capital to become adequately capitalized within seven days
or arrange a sale to another institution, although the Fed had the
authority to grant extensions and clearly did so.
• It remains a difficult environment for troubled banks
to raise capital, as potential acquirers are still better
off waiting for an institution to fail, so they can make a
government-assisted acquisition at a bargain price.
• After Horizon bank failed, the Federal Deposit
Insurance Corporation was appointed receiver and
sold the failed institution to Bank of the Ozarks of
Little Rock, Ark. The FDIC agreed to share in losses on
$150 million of the acquired assets.
 
 Benefits Of Merger
• Bigger Market
• New Opportunity
• Better Services
• Employment increases
• G.D.P, per capita income increases
• Availability of resources
• Tax rebate
Thank You