Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.

The deal would give Bank of the Ozarks its first branch in New York where it currently has a loan production office. It would also increase the $6.3 billion-asset company's presence in the Tampa, Fla., market and would expand its commercial lending portfolio.

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