Bank OZK · NASDAQ:OZK
Bank OZK — Bank of the Ozarks — Merger or Acquisition (October 2015)
10 slides from Bank OZK's merger presentation, Oct 19, 2015
Slide 1: Acquisition of Community & Southern Holdings, Inc.
Acquisition of Community & Southern Holdings, Inc. October 19, 2015
Slide 2: Forward Looking Information
Forward Looking Information CAUTION ABOUT FORWARD-LOOKING STATEMENTS This communication contains certain forward-looking information about the Company and Community & Southern Holdings, Inc. (“CSB”) that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Pr
Slide 3: Transaction Overview
Transaction Overview • Bank of the Ozarks, Inc. (“OZRK”) entered into a definitive Transaction agreement and plan of merger with Community & Southern Holdings, Inc. (“CSB”) headquartered in Atlanta, Georgia • 100% stock consideration based on a purchase price of Purchase Price $799.6 million or $20.
Slide 4: Financially Attractive, Strategic Acquisition in Georgia
Strategic Acquisition in Georgia • Expected to be accretive to: Financially • Tangible Book Value by approximately $0.62 to $0.82 per share 1 • Book Value by approximately $4.93 to $5.22 per share1 • EPS by approximately $0.15 to $0.20 during the first 12 months, excluding Attractive expected transa
Slide 5: Key Assumptions
Key Assumptions • Expected non-interest expense savings of 20%+ in first 12 months (including amortization of the core deposit intangible) Cost Savings • Expected non-interest expense savings of 30%+ range thereafter (including amortization of the core deposit intangible) Purchase Accounting • Expec
Slide 6: A Complementary Combination of Two Premier Community Banks
A Complementary Combination of Two Premier Community Banks • 47 Georgia Offices • 1 Florida Office • 28 Georgia Offices • 10 Florida Offices A “hand in glove” fit with almost no duplication. The result: A powerful presence in Georgia. 6
Slide 7: A Growing National Franchise
A Growing National Franchise Bank of the Ozarks Community & Southern Bank 174 Offices, 9 States 48 Offices, 2 States 1721 Employees 649 Employees 2 25 2 81 3 28 22 1 10 7
Slide 8: Highly Complementary Franchises
Highly Complementary Franchises Significantly expands our existing presence in Georgia Increases our presence from 28 branches to 75 branches in Georgia CSB CEO, Pat Frawley, to serve as OZRK’s Chief Executive - Georgia CSB has significant depth of talented and experienced bankers in Georgia that wi
Slide 9: Strong Deposit Franchise in Georgia
Strong Deposit Franchise in Georgia The combined bank will have a strong deposit franchise in Georgia and significant market share with the capacity to fuel OZRK’s balance sheet growth Georgia: Total Deposits = $210,461,118,000 Atlanta MSA: Total Deposits = $143,394,524,000 June '15 June '15 Total M
Slide 10: Summary
Summary Franchises are highly complementary Pro forma total assets of $13.8 billion1 Immediately accretive to tangible book value and book value per share, and accretive to diluted earnings per share in the first 12 months and thereafter Fourteenth acquisition announced by OZRK since March 2010 and
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