GOOD FIT: Bank of the Ozarks and Intervest have "virtually no [customer] overlap" and their real-estate lending operations are "very complementary" to each other, Ozarks CEO George Gleason, left, said. The deal is about "business development," not "cost cutting," Intervest CEO Lowell Dansker said.
Bank of the Ozarks' deal to buy Intervest Bancshares looks a bit odd on paper because the two are very different and operation in different of parts of the country. However, Intervest would give Ozarks a commercial lending niche it lacks.
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