$Bank OZK (OZK.US)$ Bank OZK is a well-known regional bank i...

Bank OZK is a well-known regional bank in the USA.

The bank is changing its capital structure and has recently issued preferred shares, the proceeds of the offering will be used to buy back stock.

Although the preferred issue is non-cumulative, I think the small discount to the call price make it an attractive proposition.

I may sell my common shares and use the proceeds to buy some of the preferred shares.