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Bank OZK, the nation's most prolific construction lender, is capping the size of its loans going forward as it pushes to diversify and reduce the concentration of risk in its portfolio due to its CRE exposure.

The bank is putting a limit of $500M on newly originated loans, it disclosed in commentary of its third-quarter earnings, released Friday. During a call with analysts to discuss the results, chairman and CEO George Gleason said that a recent large loan brought unwanted attention.