INTERVEST LETTERHEAD]Merger Agreement • December 23rd, 2014 • Intervest Bancshares Corp • National commercial banks
As you are aware, Intervest Bancshares Corporation (“Intervest”) and its wholly-owned subsidiary, Intervest National Bank, have entered into a merger agreement with Bank of the Ozarks, Inc., an Arkansas corporation (“Ozarks”), and its wholly-owned subsidiary, Bank of the Ozarks. Pursuant to the terms of the merger agreement, each outstanding share of Intervest common stock will be converted into the right to receive shares of Ozarks common stock, in accordance with an exchange ratio determined as set forth in the merger agreement.
