{"id":457961,"date":"2021-03-15T16:04:16","date_gmt":"2021-03-15T20:04:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457961"},"modified":"2021-03-15T16:04:16","modified_gmt":"2021-03-15T20:04:16","slug":"bank-ozk-receives-approval-for-clean-solar-energy-initiative","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-ozk-receives-approval-for-clean-solar-energy-initiative\/","title":{"rendered":"Bank OZK Receives Approval for Clean Solar Energy Initiative"},"content":{"rendered":"
\n

LITTLE ROCK, Ark., March 15, 2021 (GLOBE NEWSWIRE) — Bank OZK (Nasdaq: OZK) (the \u201cBank\u201d) announced it has received approval from the Arkansas Public Service Commission (\u201cAPSC\u201d) and the Federal Deposit Insurance Corporation (\u201cFDIC\u201d) to construct a solar power plant. The solar plant will be the third-largest commercial solar facility dedicated to a private sector customer in the State of Arkansas, and it is expected to have generating capacity of 4.8-megawatts DC of electricity.<\/p>\n

The APSC approval sets in motion the Bank\u2019s $6 million sustainable energy initiative to produce enough renewable energy to power the Bank\u2019s recently completed corporate headquarters in Little Rock and up to 40 more Bank offices in Arkansas. The Bank will soon finalize the purchase of the site for the solar power plant and begin construction.<\/p>\n

\u201cThis is the largest investment in renewable energy by an Arkansas-based financial services company,\u201d said Tim Hicks, Chief Credit and Administrative Officer at Bank OZK. \u201cWe are pleased to play a leading role investing in sustainable and clean energy, which will provide stable electrical power at a predictable price well into the foreseeable future.\u201d<\/p>\n

Scenic Hill Solar, LLC, of North Little Rock, Arkansas, will develop and oversee construction of the solar power plant for the Bank, which will include over 11,000 solar panels on a single-axis tracking system. Over the course of a year, the facility is expected to generate more than 8.1 million kilowatt-hours of electricity, enough to provide the electricity equivalent for over 1,000 homes for 12 months.<\/p>\n

\u201cThe solar plant reflects our strong commitment to environmental responsibility,\u201d said Hicks. \u201cWe expect to reduce our carbon footprint by about 160,000 tons of carbon dioxide over the next 30 years.\u201d<\/p>\n

\n
\n GENERAL INFORMATION<\/u>
\n <\/strong>
\n
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations through more than 250 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $27.16 billion in total assets as of December 31, 2020. Bank OZK can be found at\u00a0www.ozk.com<\/u><\/a>\u00a0and on\u00a0Facebook<\/u><\/a>,\u00a0Twitter<\/u><\/a>\u00a0and\u00a0LinkedIn<\/u><\/a>\u00a0or contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, Arkansas 72231-8811.<\/p>\n

The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (\u201cFDIC\u201d), copies of which are available electronically at the FDIC\u2019s website at\u00a0https:\/\/efr.fdic.gov\/fcxweb\/efr\/index.html<\/u><\/a>\u00a0and are also available on the Bank\u2019s investor relations website at\u00a0ir.ozk.com<\/u><\/a>. To receive automated email alerts for these materials please visit\u00a0https:\/\/ir.ozk.com\/other\/email-notification\/default.aspx<\/u><\/a>\u00a0to sign up.<\/p>\n\n\n\n
Investor Relations Contact:<\/td>\nTim Hicks, (501) 978-2336<\/td>\n<\/tr>\n
Media Contact:<\/td>\nSusan Blair, (501) 978-2217<\/td>\n<\/tr>\n<\/table>\n

A photo accompanying this announcement is available at:\u00a0https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/d4c94901-e94b-4eb4-819a-fb471a9d57bc<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LITTLE ROCK, Ark., March 15, 2021 (GLOBE NEWSWIRE) — Bank OZK (Nasdaq: OZK) (the \u201cBank\u201d) announced it has received approval from the Arkansas Public Service Commission (\u201cAPSC\u201d) and the Federal Deposit Insurance Corporation (\u201cFDIC\u201d) to construct a solar power plant. The solar plant will be the third-largest commercial solar facility dedicated to a private sector customer in the State of Arkansas, and it is expected to have generating capacity of 4.8-megawatts DC of electricity. The APSC approval sets in motion the Bank\u2019s $6 million sustainable energy initiative to produce enough renewable energy to power the Bank\u2019s recently completed corporate headquarters in Little Rock and up to 40 more Bank offices in Arkansas. The Bank will soon finalize the purchase of … <\/p>\n

Continue reading “Bank OZK Receives Approval for Clean Solar Energy Initiative”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457961","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBank OZK Receives Approval for Clean Solar Energy Initiative - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bank-ozk-receives-approval-for-clean-solar-energy-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank OZK Receives Approval for Clean Solar Energy Initiative - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LITTLE ROCK, Ark., March 15, 2021 (GLOBE NEWSWIRE) — Bank OZK (Nasdaq: OZK) (the \u201cBank\u201d) announced it has received approval from the Arkansas Public Service Commission (\u201cAPSC\u201d) and the Federal Deposit Insurance Corporation (\u201cFDIC\u201d) to construct a solar power plant. The solar plant will be the third-largest commercial solar facility dedicated to a private sector customer in the State of Arkansas, and it is expected to have generating capacity of 4.8-megawatts DC of electricity. The APSC approval sets in motion the Bank\u2019s $6 million sustainable energy initiative to produce enough renewable energy to power the Bank\u2019s recently completed corporate headquarters in Little Rock and up to 40 more Bank offices in Arkansas. 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