Stone Bank purchases former Bank OZK headquarters building
by June 16, 2023 6:09 pm 2,861 views
Stone Bank has acquired the building at the corner of Chenal Parkway and Markham in west Little Rock for $9.5 million.
The building was originally built as the headquarters for Bank OZK, formerly Bank of the Ozarks, which has moved twice since construction.
Nick Roach, President of Stone Bank, announced Friday (June 16) that the west Little Rock location will expand the bank’s management offices and allow operations of a retail banking facility in the building.
“The purchase of this great property will not only give us space to expand our bank management operations but also provide an expanded retail banking presence at one of the most dynamic intersections in the state of Arkansas,” Roach said. “This new space will allow us to continue our rapid pace of growth and some of the dynamic plans we have for the future.”
“The visibility alone makes it a fantastic location with a daily traffic count of more than 36,000 vehicles daily on one side and 23,000 per day on the other,” he added.
The property, located at the corner of Chenal Parkway and West Markham, has 38,000 square feet, including a full-service retail bank with five drive-through lanes and a 24-hour automated teller. Originally constructed in 1998 as a bank headquarters, Stone Bank will occupy the first two floors of the building, with an insurance company tenant leasing the top floor.
Stone Bank has $700 million in total assets and 115 employees in five states. The bank operates retail locations in six communities in Arkansas and has a nationwide presence in the field of government-guaranteed loans (SBA, USDA, FSA).
Stone Bank is chartered in Mountain View, where it operates a full-service bank and an Agri Lending Center which primarily services FSA-guaranteed loans for poultry farmers.