NasdaqGS:OZKBanks
Bank OZK Grant Backs Austin Housing While Shares Trade Below Targets
Bank OZK (NasdaqGS:OZK) provided a $2 million grant to support an affordable housing initiative in Austin, Texas.
The funding helped facilitate the opening of a 100 unit community in partnership with the Federal Home Loan Bank of Dallas.
For anyone following regional banks, this move gives you another data point on how Bank OZK approaches its business beyond core lending and deposit gathering. Affordable housing is a major policy focus in many U.S. cities, and Austin is one of the markets...