The Park Avenue Bank

Status:Inactive as of 04/29/2011
 Absorption - Assisted
Successor Bank:Bank OZK
Headquarters:The Park Avenue Bank
3102 North Oak Street Extension
Valdosta, GA 31602
Established:08/01/1956
FDIC Insurance:03/01/1968
FDIC Cert:#19797
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$849,409,000
Total Deposits:$724,483,000

History

1956-08-01Institution established: Original name:The Park Avenue Bank
2001-06-22Acquired Friendship Community Bank (27270) in OCALA, FL
2001-08-31Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2001-08-31Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2001-12-08Acquired Farmers and Merchants Bank (16672) in ADEL, GA
2002-01-12Acquired Eagle Bank and Trust (33312) in STATESBORO, GA
2002-03-09Acquired Baxley Federal Bank (29330) in BAXLEY, GA
2002-05-01Acquired First Community Bank of Southwest Georgia (29334) in BAINBRIDGE, GA
2011-04-29Acquired The Park Avenue Bank in VALDOSTA, GA as part of a government assisted transaction.
2011-04-29Acquired First Choice Community Bank (58539) in DALLAS, GA as part of a government assisted transaction.
2011-04-29Failed. Acquired with government financial assistance and subsequently operated as part of Bank of the Ozarks (110)
2013-01-01Acquired The Citizens Bank (59) in GENEVA, AL
2013-08-01Acquired The First National Bank of Shelby (4910) in SHELBY, NC
2014-03-06Acquired OMNIBANK, National Association (17325) in HOUSTON, TX
2014-05-17Acquired Summit Bank (34433) in ARKADELPHIA, AR
2015-02-11Acquired Intervest National Bank (35011) in NEW YORK, NY
2015-08-06Acquired Bank of the Carolinas (34903) in MOCKSVILLE, NC
2016-07-21Acquired Community & Southern Bank (59010) in ATLANTA, GA
2016-07-22Acquired C1 Bank (34092) in SAINT PETERSBURG, FL
2018-07-16Changed name to Bank OZK (110)
2020-06-15Moved bank headquarters from VALDOSTA, GA to Little Rock, AR

Financial Information (2010-12-31 and Older)