Why Did Bank of the Ozarks’ Chief Lending Officer Resign?

Why Did Bank of the Ozarks’ Chief Lending Officer Resign?

If I were a shareholder of Bank of the Ozarks (NASDAQ: OZRK), I would want to know why one of its highest ranking executives, second only to CEO George Gleason, resigned on July 27. The departure caused the bank's stock to drop 12% in a single day and has yet to be explained by the bank.

I'm talking about Dan Thomas, who served in three critical capacities at Bank of the Ozarks. He was its chief lending officer, vice chairman of its board of directors, and president of its real estate specialties group, or RESG, which is responsible for most of the bank's growth since 2012.

Shareholders in Bank of the Ozarks should be asking: Why did Dan Thomas resign? Image source: Getty Images.

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Source: Fool.com