Why Bank of the Ozarks Dropped 12% on Friday

Shares of Bank of the Ozarks (NASDAQ: OZRK) plunged by 12% as of 2 p.m. EDT on Friday, after Dan Thomas notified the company of his intention to resign immediately from his key roles as vice chairman, chief lending officer, and president of the bank's Real Estate Specialties Group.

Changeups in corporate ranks tend to be planned events, designed for a smooth transition rather than an overnight change. The abrupt resignation of one of Bank of the Ozarks' most important bankers raises questions about the company's future growth and the quality of its loan book.

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Source: Fool.com