 LITTLE ROCK, Ark., Sept. 09, 2021 GLOBE NEWSWIRE -- Bank OZK the Bank Nasdaq: OZK today announced the pricing of its public offering of 350 million aggregate principal amount of its 2.750 Fixed-to-Floating Rate Subordinated Notes due 2031 the Notes. The Notes will initially bear interest at a fixed rate of 2.750 per annum, payable semi-annually in arrears on each April 1 and October 1 commencing April 1, 2022 to, but excluding, October 1, 2026. On October 1, 2026 and thereafter, the Notes will bear interest at a floating rate equal to a benchmark rate which is expected to be three-month term SOFR plus 209 basis points, paid quarterly in arrears on each January 1, April 1, July 1 and October 1, through maturity or earlier redemption of the Notes. The offering of the Notes is expected to close on September 16, 2021, subject to customary closing conditions. 