Bank of the Ozarks News & Insights

20 Feb 2017

4 Responsible Uses for a Home Equity Line of Credit

While a Home Equity Line of Credit (HELOC) may not be the best method to fund your vacation to the Bahamas, there are several responsible uses for this source of credit.  My thoughts are to use HELOCs for needs rather than wants. Paying Off High Interest Debt:  You can use a HELOC to pay off credit […]

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13 Feb 2017

Buying a TV? Beware of Alternative Financial Services

It’s no coincidence that the official best time of the year to buy a TV begins with Super Bowl week.  My friend recently boasted about his new 70-inch 4k set and my brother-in-law has been posting pictures on Facebook of his 110-inch.  With my generation, the competition to have the best television around has become […]

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06 Feb 2017

The Top 5 Must-Have Features When Choosing a Checking Account

In 2016, Deloitte surveyed over 3,000 retail bank consumers to find out what people look for when choosing a checking account.  Here’s the resulting top five must-haves, in order of importance. No monthly fees. Online banking. Branch close to where they live or work. No minimum deposit. Mobile banking. If you’re like me, you looked […]

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17 Jan 2017

Bank of the Ozarks, Inc. Announces Record Fourth Quarter and Full Year 2016 Earnings

Bank of the Ozarks today reported record income of $87.8 million for the fourth quarter 2016 and record income of $270.0 million for the full year of 2016. The record earnings for the full year of 2016 represent a 48.1% increase from the…

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16 Jan 2017

How to Handle an Unauthorized Debit Card Transaction

Anyone else feel hungover from the Holidays?  Vacation is over.  Decorations need taken down.  Unwanted gifts need returned, and in my case, I never even received one of the gifts I ordered for my kids.  I’ve tried contacting the online retailer via email and phone, and they still haven’t responded. If you have a similar […]

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09 Jan 2017

Managing Bill Payment Can Be a Balancing Act

Almost a quarter of Americans don’t pay their bills on time. While many fall behind due to financial hardships, many more have the money to pay on time but don’t. They forget. They procrastinate. They don’t have time. They need to order more checks. Whatever the excuse, it’s not worth the late fees and the […]

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02 Jan 2017

Safe Deposit Boxes: Still Useful in a Digital Age

A friend of mine told me safe deposit boxes are only for spies and grandparents.  He jokingly described a mysterious world of fake passports and dead-letter drops, then contrasted it with the ho-hum of stored wills and tax documents.  “Why would I need one?” he said, citing how he lives almost paperless and backs up […]

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26 Dec 2016

Lending Terminology: Can You Speak the Lingo?

I was nervous the first time I reached out to a lender in hopes of borrowing money.  So nervous that I tried to do some homework before our meeting, that way I might at least sound like I knew what I was doing.  If you’re like I was and think principal is referring to the […]

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19 Dec 2016

Financially Fit Ways to “Spend” Your RMD – Part Two

If you’ve reached age 70½ and have tax-deferred retirement accounts, like a 401(k) or traditional IRA, consider this as a reminder to take your required minimum distribution, commonly referred to as an RMD, before the end of the year.  Failing to do so will result in the IRS imposing a 50%  penalty on the amount […]

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7 Financially Fit Ways to “Spend” Your RMD – Part One

If you’ve reached age 70½ and have tax-deferred retirement accounts, like a 401(k) or traditional IRA, consider this as a reminder to take your required minimum distribution, commonly referred to as an RMD, before the end of the year.  Failing to do so will result in the IRS imposing a 50% penalty on the amount […]

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12 Dec 2016

Searching for a Home? Here’s a Change I Learned About While Getting Pre-Qualified

I recently contacted a loan officer about a mortgage for an investment property and was startled to find out things have changed since I last bought a house.  I went to him to get pre-approved for a mortgage only to find out most banks don’t really do that anymore.  “Why not?” I asked.  “And how […]

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05 Dec 2016

11 Ways to Keep From Spending Too Much During the Holidays

Thanksgiving, Black Friday, and Cyber Monday may be behind us, but there are still several weeks left to the holiday—ahem “shopping”—season.  Here’s a few ways I plan to put more cheer and less cost in my holidays. Budget: Step numeral uno is to set a budget and stick to it.  I’m going to limit my […]

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