Bank closes acquisition, names Florida leader

Arkansas-based Bank of the Ozarks, following the closing of its $402.5 million acquisition of St. Petersburg-based C1 Financial, has named a new Florida leader.

Alan Randolph, formerly executive vice president and senior lender with C1 Bank, is the new Florida division president for Bank of the Ozarks, a statement says. He will oversee 44 Florida offices.

Trevor Burgess, C1 Bank's former president and CEO, is the new chief innovation officer for Bank of the Ozarks, the statement adds.

As of June 30, C1 had about $1.7 billion in total assets and $1.4 billion in loans. The bank had 33 offices in Florida, which will all become wholly owned subsidiaries of Bank of the Ozarks.

Bank of the Ozarks has closed 15 acquisitions since March 2010. As of June 30, the bank had $12.28 billion in assets.