FHLB Dallas and Bank of the Ozarks Award Grant to Assist Homeowner With Roof Replacement

LITTLE ROCK, Ark., Oct. 30, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank
of Dallas (FHLB Dallas) is pleased to announce it has awarded a $5,000 Special
Needs Assistance Program (SNAP) grant to Easter Mae Boykins to replace the roof
of her Little Rock, Arkansas, home.

Ms. Boykins said her roof has needed repairs for five or six years, but she has
not been able to find a program to assist with the costs. She called the city of
Little Rock and was referred to an agency called IN Affordable Housing, where
she learned of SNAP. IN Affordable Housing is a Little Rock-based comprehensive
housing agency that provides education, training, counseling, and advocacy
throughout the Little Rock metropolitan area. The agency also provides new
construction and rehabilitation services, and works closely with the city of
Little Rock because of its housing rehabilitation services.

Ms. Boykins, 52, said she would not have been able to replace the roof without
the help of the SNAP grant.

"I'm on a fixed income. I'm disabled, and my husband has cancer. We have bills.
We wouldn't have had (the money)," she said. "We were thinking about giving up
the house and moving to the high rise because we had so many repairs."

Giving up her home would have been devastating, she said. She bought the home
more than 20 years ago, after working two jobs in order to move herself and two
children out of a housing project.

Her home repairs were made earlier this year, and Ms. Boykins now has a new
roof.

"There is an extraordinary need for this type of program in this state," said
Woodson Walker, a staff member with IN Affordable Housing. "This is one of the
best programs that I think the Federal Home Loan Bank of Dallas has ever
presented. I hope it will be funded again 10 times over."

The SNAP grant was awarded through Bank of the Ozarks, one of FHLB Dallas's
member financial institutions. Bank of the Ozarks has awarded 14 FHLB Dallas
SNAP grants this year.

"Bank of the Ozarks is excited about our association with this newly created
FHLB Dallas program," said Martie North, Vice President and Director of
Community Development at Bank of the Ozarks. "There are so many homeowners,
especially disabled and elderly, who need help with maintaining their homes.
With a little help, they will be able to enjoy their homes for years to come. We
are pleased to know we are able to help deserving people such as Ms. Boykins
obtain assistance in making needed repairs or modifications for their homes."

In 2009, FHLB Dallas set aside $1 million of its annual Affordable Housing
Program (AHP) funds for SNAP, a new special needs rehabilitation program that
provides grant funds to assist income-qualified, special needs homeowners with
home repairs and modifications. By September, SNAP funds were exhausted so FHLB
Dallas made available an additional $500,000 outside of its AHP program for SNAP
II in an effort to continue assisting its members in supporting their
communities. Each SNAP and SNAP II recipient is eligible to receive $5,000. The
amount increases up to $7,000 if a member financial institution contributes at
least $350 toward costs associated with the rehabilitation.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank
System created by Congress in 1932. FHLB Dallas, with total assets of $67.3
billion as of September 30, 2009, is a member-owned cooperative that supports
housing and community development by providing competitively priced loans and
other credit products to more than 900 members and associated institutions in
Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information,
visit the FHLB Dallas web site at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3013

About Bank of the Ozarks

Bank of the Ozarks, Inc. is a bank holding company with $3.0 billion in total
assets as of June 30, 2009 and trades on the NASDAQ Global Select Market under
the symbol "OZRK". The Company owns a state-chartered subsidiary bank that
conducts banking operations through 72 offices including 65 banking offices in
34 communities throughout northern, western and central Arkansas, six Texas
banking offices, and a loan production office in Charlotte, North Carolina. The
Company may be contacted at (501) 978-2265 or P. O. Box 8811, Little Rock,
Arkansas 72231-8811. The Company's web site is: www.bankozarks.com.

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CONTACT:  Federal Home Loan Bank of Dallas
          Corporate Communications
          (214) 441-8445
          www.fhlb.com