Kennedy Named Commercial Banker in Springdale, Ark.

Tuesday, March 03 at 06:10 AM
Category: Arvest Community News

We're excited to see Andrea Kennedy grow her career with Arvest as she takes on her new role as Commercial Banker in Springdale, Ark.

SPRINGDALE, Ark. — Arvest Bank is pleased to announce that Andrea Kennedy has been named a Commercial Banker in Springdale.

Kennedy is a vice president with more than 12 years of experience with Arvest, most recently as a private banking advisor.

“Andrea’s extensive experience both with Springdale and with the private banking customers here make her especially skilled for her new position,” said Richard Winesburg, commercial loan manager for Arvest Bank in Springdale. “Her professionalism and focus on customer service are a credit to Arvest and a benefit to our customers.”

A native of Springdale, Kennedy graduated from Springdale High School and attended the University of Arkansas at Fayetteville. She holds an Arkansas Insurance license, Series 7 Securities license and Series 66 license.

Kennedy is a member of the Springdale Rotary Club and volunteers with Partners in Education.  

She and her husband, Keith Kennedy, live in Springdale with their three children, Lexy, Allie and Carter. 

Tags: Arkansas, Associates, Press Release, Springdale

Preparing Your Finances for the Addition of a Child

Monday, March 02 at 10:20 AM
Category: Personal Finance

Having a baby is exciting, but then the reality of cost sneaks up on you. All of a sudden this wonderful, joyful life event becomes as scary as the monster under your bed. As with any intimidating endeavor, the best way to overcome your fear is to be prepared. Exploring your needs, options, and budget will help prepare your finances and let you go back to enjoying your new addition. Here are a few specific ways to prepare your finances for your growing household:

  • Health Care Cost – Doctor and hospital costs by far can be the scariest expense. Open communication with your health care providers and insurance company is a great way to manage this area. At the first prenatal visit, have a meeting with your doctor’s financial coordinator, and ask for a breakdown of cost based on your insurance coverage. Be sure to ask about installment payments options and when the costs will be billed. Take the same measures with the facility at which you plan to deliver. Next, have your insurance provider review the cost analysis to confirm coverage and patient responsibility. Tip: While you have your insurance coordinator on the phone, don’t forget to ask about coverage for breastfeeding classes and even a pump. Finally, to supplement your insurance and help with your part of the bill, check into a health savings plan or medical reimbursement account. With a proactive approach, you may be able to have your health care costs paid for before your little one arrives. 
  • Child Care – Many who return back to work are faced with the hard decision of choosing a child care facility. Staying ahead of the game in this area can really save money and help get your tot into your preferred daycare. It is never too early to investigate options and schedule tours.  Be sure to ask about initiation, monthly and annual costs. Determine if there are supply costs or benefits. For example, some child care facilities provide formula but may require a minimum diaper contribution from each parent. Daycare costs can be overwhelming to say the least, but it can be manageable through budgeting in advance. Check with your employer about child care cafeteria plans or start a savings account designated for this expense.
  • Family Leave – Every new parent looks forward to taking off to enjoy their new addition. How much time you take may depend on how you budget. Determine your employer’s leave, vacation and short-term disability policies. Calculate how much income will be lost for the time you wish to take off. Review your current savings for sufficient cash flow coverage of the income change. If your current savings may fall short, determine how much you need to start saving each pay period now to beef up your reserves. Finally, don’t forget to take stock of your current monthly obligations to see what can be consolidated or reduced before and during leave. 

These are just a few major areas to consider when preparing your finances for baby. Other financial matters to consider are creating a will, obtaining life insurance for your bundle of joy, and adding beneficiaries to life insurance and retirement accounts. This would be a great time to call your local banker or financial advisor to schedule a financial review. A proactive approach to financial preparation can help you flood light on the big, bad cost monster and go back to having sweet baby dreams. Good luck!

Tags: Budgeting, Financial Education

Plaisance Assumes CEO Role at Arvest Mortgage Co. and Central Mortgage Co.

Monday, March 02 at 05:05 AM
Category: Arvest News

Steven Plaisance joined Arvest as a part-time teller in 1989, and over the years has taken on new responsibilities and become an integral part of the Arvest family. We're excited to see him grow into his new role as CEO of Arvest Mortgage Co. and Central Mortgage Co. 

LOWELL, Ark. – Steven Plaisance has taken over the role of CEO for both Arvest Mortgage Co. and Central Mortgage Co., a wholly owned subsidiary of Arvest Bank, it was announced today.

Plaisance became President and COO for Arvest Mortgage Co. (AMC) and Central Mortgage Company (CMC) in March 2012, and will retain the role of president for both.

Plaisance began his career with Arvest as a part-time teller in Rogers, Ark., in 1989. He joined AMC in 1991 and has held a variety of leadership positions since 1996. Plaisance is an active member of the Mortgage Bankers Association, a national group that represents the entire real estate finance industry, and other industry associations. He is a two-time president of the Oklahoma Mortgage Bankers Association.

AMC and CMC, which have locations in Arkansas and Oklahoma, regularly originate $1 billion-plus in mortgage loans annually, and currently service a combined $38 billion in mortgage loans.

“I am excited about the opportunity to lead our talented mortgage team into the future,” said Plaisance, who will report to Arvest Bank COO Phil Porter. “Arvest is dedicated to serving mortgage customers through originations and servicing, and I look forward to continuing the many good things we have done in these areas.”

Plaisance earned a bachelor’s degree in business administration from the University of Arkansas. He’s also a 1998 graduate of the Mortgage Bankers Association Future Leaders Program. He and his wife, Katy, live in Tulsa and have three sons.

Tags: Arkansas, Associates, Oklahoma, Press Release

Branch Hours Due to Inclement Weather (**As of 2/28 at 1:30 p.m.)

Friday, February 27 at 02:00 PM
Category: Arvest News

Due to inclement weather in some communities, the following branches will have revised hours on Saturday, Feb. 28.


  • Bentonville (branch inside Wal-Mart): Close 1 p.m.
  • Berryville (branch inside Wal-Mart): Close 1 p.m.
  • Rogers (branches inside Wal-Mart): Close 1 p.m.


  • Carthage (branch inside Wal-Mart): Close 2 p.m.
  • Jane (branch inside Wal-Mart): Close 1 p.m.
  • Joplin (branches inside Wal-Mart): Close 2 p.m.
  • Neosho (branch inside Wal-Mart): Close 2 p.m.
  • Nixa (branch inside Wal-Mart): Close 2 p.m.

We will update this blog as more information becomes available. We apologize for the inconvenience.

For your convenience you can bank 24 hours a day, 7 days a week using:

Tags: Hours, Weather Closings

Harriman Joins Private Banking in Springdale, Ark.

Friday, February 27 at 11:05 AM
Category: Arvest Community News

Randall Harriman, a native of Springdale, Ark., is bringing 14 years of banking experience to his new role as Private Banking Advisor.

SPRINGDALE, Ark. — Arvest Bank is pleased to announce that Randall Harriman has been named Private Banking Advisor in Springdale.

Harriman has more than 14 years of experience in banking and lending, most recently as an assistant vice president, lender and security manager for First Security Bank. He has worked at various local banks as a branch manager, consumer lender and commercial lender.  

“Randall brings to our team the experience and knowledge needed to work with our private banking clients on their complex financial needs,” said Mary Pedersen, Private Banking Manager for Arvest Bank. “We are excited to add Randall as a valuable addition to our private banking team in Springdale.”

A native of Springdale, Harriman graduated from Springdale High School and earned his Bachelor of Science in education from the University of Arkansas at Fayetteville.

Harriman serves on the Board of Directors of the Arts Center of the Ozarks. 

He and his wife, Lindsay Harriman, have 7-year-old twins, daughter Reese and son Eli. The family attends Johnson Church of Christ, where Harriman serves as a deacon.

Tags: Arkansas, Associates, Press Release, Springdale

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