UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Bank of the Ozarks, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
063904 10 6
(CUSIP Number)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of
the Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
CUSIP No. 063904 10 6.
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CUSIP NO. 063904 10 6 Page 2 of 7 Pages
1. NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION
NOS. OF ABOVE PERSON (ENTITIES ONLY).
George G. Gleason, II
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.*
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
1,264,083
6. SHARED VOTING POWER
37,000
7. SOLE DISPOSITIVE POWER
1,172,700
8. SHARED DISPOSITIVE POWER
37,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,301,083
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.4%
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CUSIP NO. 063904 10 6 Page 3 of 7 Pages
12. TYPE OF REPORTING PERSON*
IN
* See Instructions before filling out!
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CUSIP NO. 063904 10 6 Page 4 of 7 Pages
ITEM 1(A) NAME OF ISSUER:
Bank of the Ozarks, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
425 West Capitol Avenue, Suite 3100, Little Rock,
Arkansas 72201
ITEM 2 (a) NAME OF PERSON FILING:
George G. Gleason, II
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
425 West Capitol Avenue
Suite 3100
Little Rock, Arkansas 72201
(c) CITIZENSHIP:
United States of America
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share.
(e) CUSIP NUMBER:
063904 10 6
ITEM 3: IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B),
OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a)[ ] Broker or Dealer registered under Section 15 of
the Act
(b)[ ] Bank as defined in Section 3(a)(6) of the Act
(c)[ ] Insurance Company as defined in Section 3(a)(19) of
the Act
(d)[ ] Investment Company registered under Section 8 of the
Investment Company Act
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CUSIP NO. 063904 10 6 Page 5 of 7 Pages
(e)[ ] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
Section 240.13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with
Section 240.13b-1(b)(1)(ii)(G)
(h)[ ] Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
Not Applicable
ITEM 4. OWNERSHIP.
(A) Amount Beneficially Owned:
1,301,083
(B) Percent of Class:
34.4 (based upon 3,779,555 shares outstanding at
December 31, 1997)
(C) Number of shares as to which such person has:
(i) sole power to vote or direct the vote
1,264,083, which includes (i) 961,600 shares
held directly by Mr. Gleason, (ii) 91,383
shares held in Mr. Gleason's name in the Bank
of the Ozarks, Inc. Stock Ownership Plan and
Trust (the "ESOP"), (iii) 210,700 shares owned
of record by a trust for which Mr. Gleason is
sole trustee, and (iv) 400 shares owned of
record by Mr. Gleason's minor children.
(ii) shared power to vote or to direct the vote
37,000, all of which are held of record in a
charitable trust for which Mr. Gleason is a
co-trustee with his spouse.
(iii) sole power to dispose or to direct the
disposition of
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CUSIP NO. 063904 10 6 Page 6 of 7 Pages
1,172,700, which includes (i) 961,600 shares
held directly by Mr. Gleason, (ii) 210,700
shares owned of record by a trust for which Mr.
Gleason is sole trustee and (iii) 400 shares
of record owned by Mr. Gleason's minor children
(iv) shared power to dispose or to direct the
disposition of
37,000, all of which are held of record in
a charitable trust for which Mr. Gleason is a
co-trustee with his spouse.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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CUSIP NO. 063904 10 6 Page 7 of 7 Pages
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
February 6, 1998.
/s/ George G. Gleason, II
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George G. Gleason, II