Exhibit 21

Subsidiaries of the Registrant

1. Bank of the Ozarks, an Arkansas state chartered bank.

2. Ozark Capital Statutory Trust II, a Connecticut business trust.

3. Ozark Capital Statutory Trust III, a Delaware business trust.

4. Ozark Capital Statutory Trust IV, a Delaware business trust.

5. Ozark Capital Statutory Trust V, a Delaware business trust.

6. The Highlands Group, Inc., an Arkansas corporate subsidiary of Bank of the Ozarks.

7. Arlington Park, LLC, a 50% owned Arkansas LLC subsidiary of The Highlands Group, Inc.

8. BOTO, LLC, a 100% owned Arkansas LLC subsidiary of Bank of the Ozarks.

9. ASMSA Investment Fund LLC, a 99% owned Delaware subsidiary of Bank of the Ozarks.

10. Open Avenues Investment Fund LLC, a 99% owned Delaware subsidiary of Bank of the Ozarks.

11. West Manatee Avenue Property LLC, a 100% owned Florida subsidiary of Bank of the Ozarks.

12. Jaxsonville-Ocala Station LLC, a 100% owned Florida subsidiary of Bank of the Ozarks.

13. PAB State Credits LLC, a 100% owned Georgia subsidiary of Bank of the Ozarks.

14. FCB Properties LLC, a 100% owned Georgia subsidiary of Bank of the Ozarks.

15. BOTO NC Properties LLC, a 100% owned North Carolina subsidiary of Bank of the Ozarks.

16. BOTO GA Properties, LLC, a 100% owned Georgia subsidiary of Bank of the Ozarks.

17. BOTO-AR Properties, LLC, a 100% owned Arkansas subsidiary or Bank of the Ozarks.

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