Scott Tennyson Named President of Arvest in Harrison, Ark.

Friday, December 19 at 05:20 AM
Category: Arvest Community News

We're excited for the 32 years of banking experience Scott Tennyson brings to his new role as the Arvest Bank market president in Harrison, Ark.

HARRISON, Ark. — Arvest Bank has hired Scott Tennyson as the new Harrison market president. Tom Dame, president of Arvest North Central Arkansas, made the announcement today. 

Tennyson has 32 years of successful banking experience across multiple industry divisions including marketing and mortgage along with retail, private and commercial banking. He also has extensive education in the industry. 

Dame said, “We are thrilled for Scott to join us at Arvest. He has deep banking and finance knowledge as well as passion and enthusiasm for the Harrison community. His experience in multiple areas of this industry will serve our associates and customers well.”


Previously, Tennyson served as the senior vice president for private banking at Bancorpsouth in Springfield. Prior to that, he was the city president and market manager for Regions Bank in Harrison. 

As a Harrison native, Tennyson has spent many years being very involved in the community. He is a past president of the Harrison Chamber of Commerce, past chairman of the Board of Trustees for North Arkansas College and past president of the Harrison Rotary Club.  

Tennyson graduated from Harding University with a bachelor's degree in business administration. He also graduated from the Graduate School of Community Bank Management at the University of Texas as well as America's Community Banks Commercial Lending School and Residential Lending School as well as attended the BAI Graduate School of Retail Banking.

Tennyson has been married to the former Sandra Trammell for 33 years. They have two sons, Eric (Little Rock) and Alex (Fayetteville.)

Tags: Arkansas, Associates, North Central Arkansas, Press Release
 

Regional Consumers Earnest About Saving

Thursday, December 18 at 09:00 AM
Category: Arvest News

Arvest released the third part of its Fall 2014 Arvest Consumer Sentiment Survey which looked at spending, savings and debt.

FAYETTEVILLE, Ark. – Consumers in Arkansas, Missouri and Oklahoma are saving at a higher rate, and about a fifth of them plan to increase their saving even further.

Those are among the more noticeable findings from the third phase of the Fall 2014 Arvest Consumer Sentiment Survey released today. This phase is the final piece of the survey, conducted in October, and focuses on consumers’ attitudes concerning spending, saving and debt.

Regional respondents’ saving rate increased from 11.6 percent in June’s survey to 12.1 percent in October. The change was bolstered primarily by Arkansas consumers, whose rate grew from 9.5 percent to 11.9 percent. The rate among Missourians remained at 11.7 percent, while Oklahomans’ rate took a slight dip, from 13.1 percent to 12.8 percent.

When it came to plans to increase saving over the next six months, meanwhile, 20 percent of those polled regionally said they plan to do just that. That compares to 17 percent in June. The biggest jumps were in Oklahoma (15 percent to 23 percent) and Missouri (15 percent to 21 percent), while the number of Arkansans planning to increase their savings rate fell from 23 percent to 18 percent.

“Saving when possible is generally a good idea, and we’re pleased to see that consumers across our footprint are doing that,” Arvest Marketing Director Jason Kincy said. “This round of results also shows that a good number of consumers are prepared to flex their purchasing power in the coming months, too. We’re always happy to help people prepare for their financial future, whether that means saving money or making the kinds of purchases that improve their quality of life.”

While 36 percent of regional respondents said they have made a major household purchase in the last six months – down from 39 percent in June – 24 percent of those polled plan to make such a purchase in the next six months. Major household purchases include items like furniture, televisions and refrigerators.

Respondents in Missouri (27 percent) led the way in that regard, followed by Arkansas (25 percent) and Oklahoma (22 percent). Of those in the region not planning to make a major purchase, 19 percent said they were waiting for the right time to buy.

The questions concerning consumers’ plan to make a major household purchase in the next six months and whether they’re waiting for the right time to buy are two of four new questions not included in the June survey due to incomplete data.

The other new questions asked if respondents planned to acquire credit – whether it is mortgage, home equity, auto loan, credit card or student loan – in the next six months, and if respondents anticipated difficulty acquiring credit. The categories with the highest expected credit acquisition were auto loan, credit card and student loans, with 4 percent each. Of those who planned to acquire any type of credit, only 5 percent expected difficulty.

The Arvest Consumer Sentiment Survey is conducted by the Center for Business and Economic Research in the Sam M. Walton School of Business at the University of Arkansas, which also evaluates the Arkansas data. The University of Oklahoma’s Public Opinion Learning Laboratory conducted 1,200 phone surveys.

The survey will be conducted twice a year, with the next survey expected to be completed in May 2015. With each study, the Consumer Sentiment Survey Index score will be released first, followed by a second release on consumer outlook including the Current Conditions Index and the Consumer Expectations Index, which are sub-indexes of the Consumer Sentiment Survey Index. The third release will focus on spending, savings and debt expectations.

Arvest Bank’s sponsorship of this survey, which follows the model of the national Survey of Consumers produced by the University of Michigan, is due to its desire to provide beneficial data for its customers and communities. The data provides a reading of how consumers are feeling about the economy in the states where the bank operates. Additionally, with future results, consumers, as well as the business community, will be able to see how sentiment is trending.

The Bureau of Economic Research at Missouri State University provides state analysis of the Missouri data. The Steven C. Agee Economic Research & Policy Institute, Meinders School of Business at Oklahoma City University, evaluates the data for Oklahoma.

Information about the survey and research partners, copies of this release, summary documents and print-ready logos can be found at www.arvestconsumersurvey.com.

About Our Research Partners

The Center for Business and Economic Research, Sam M. Walton School of Business at the University of Arkansas at Fayetteville provides excellence in applied economic and business research to federal, state and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.

The University of Oklahoma Public Opinion Learning Laboratory serves two functions: to provide a learning environment for the teaching of survey design, public opinion research and data analysis for the purpose of developing student capabilities to conduct academic and professional research and analysis; and to conduct research on public opinion, in order to foster knowledge about public affairs and to assist in the conduct of research on public policy of import to state and local governments, media organizations, other public and private entities, and the general public.

The Bureau of Economic Research, housed within the Economics Department at Missouri State University, serves as a clearinghouse for data and publications on economic conditions within the region, state and nation. The staff has a wide variety of experience and is able to provide consulting services, produce detailed GIS maps, economic and industry forecasts and other relevant reports.

The Meinders School of Business at Oklahoma City University, which includes the Steven C. Agee Economic Research & Policy Institute, offers a full range of undergraduate, graduate and professional development programs. MSB prepares graduate and undergraduate students to be socially responsible leaders in a global economy through teaching excellence and faculty scholarship in business practice and the disciplines. Faculty and students engage with the business community, local government and regulatory agencies as part of the teaching-learning process.

Tags: Arkansas, Debt, Missouri, Oklahoma, Press Release, Savings
 

Economic Outlook Event in Kansas City

Thursday, December 18 at 06:20 AM
Category: Arvest Community News

You’re invited to an Economic Outlook event on Jan. 20, 5-7 p.m. at the Arvest Bank Theatre at The Midland (1228 Main St., Kansas City, Mo.). The purpose of the event is to provide an update on the current state of the economy, as well as to give a glimpse into the future. This has become not only an informative event on the economy, but also a great networking event for those who attend.

A cocktail hour will be 5-6 p.m. with heavy hor d’oeuvres and a cash bar. Our very informative and very entertaining guest speaker, Clay Nickel, will speak 6-7 p.m.

The evening’s hosts from Arvest Asset Management include:

  • Mark Dunker, Location Manager
  • Carissa Froome, Regional Investment Officer
  • Erin Evans, Client Advisor

Guest Speaker: Clay Nickel, CPM®, Vice President, Portfolio Manager and Director of Investment Strategy
As Director of Investment Strategy, Clay is responsible for the development and oversight of the Investment Management Group (IMG) product line and serves as the main spokesman for IMG and the AAM portfolio management team with customers, prospects and advisors. Clay serves as IMG’s asset allocation specialist for both our IMG and Trust portfolios, and provides critical research support on mutual funds, ETFs and outside managers, as well as serving as an important resource for AAM’s Regional Investment Officers and Client Advisors. Clay is an integral member of AAM’s portfolio management team and overall money management effort.

Previously, Clay served as a Fixed Income Portfolio Manager for private and institutional clients of Arvest Asset Management and as the Lead Manager for the IMG Adaptive Portfolio Strategy. He continues to serve as Co-Lead Manager of the IMG Strategic Model Portfolios.

Prior to joining Arvest in 2010, Clay was a portfolio manager for a $4 billion community bank in the Midwest and managed a $300 million investment portfolio for high net worth individuals and institutions.

Clay is a graduate of Wichita State University. Additionally, he has completed Columbia University’s Academy of Certified Portfolio Management. Clay is also a member of the Chartered Financial Analyst Institute and the Kansas City Society of Chartered Financial Analysts.

R.S.V.P. online*  or by calling us at (913) 261-2265.

Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Kansas City
 

Friday Financial Forum Dec. 19 in Bartlesville, Okla.

Thursday, December 18 at 05:15 AM
Category: Arvest Community News

Join us Friday, Dec. 19, at 10 a.m. for our Friday Financial Forum. We’ll meet in the Friday Forum Room at Arvest's Eastside Branch located at 4225 S.E. Adams Rd., Bartlesville, Okla. Every Friday we invite customers like you to attend our one-hour Financial Forum.

This week is our Annual Christmas Party with the Ad Lib Singers providing music. Chief Holland is bringing an update and pictures from last Saturday's "Santa" project, and the first annual Friday Financial Forum beautiful sweater contest will take place!

What you can expect at the event:
  • News: "The Scoop" about businesses coming, going and expanding in Bartlesville (Amelya Wilmott, Arvest Bank)
  • Information: Community leaders share topical, local and state information (Sen. John Ford and Rep. Earl Sears)
  • Updates: Arvest provides current economy and stock market trends (Josh Randolph, Arvest Bank)
  • Hilarious Anecdotes: Jim Bohnsack, Arvest Bank
We look forward to having you join us! There is no need to R.S.V.P.; just join us if you can! If you have any questions about the event, please contact Billie Roane at (918) 337-4358.
 
Tags: Bartlesville, Community Support, Oklahoma
 

10 Ways to Reduce Holiday Stress

Wednesday, December 17 at 10:20 AM
Category: Arvest News

With Christmas only one week away and New Year's two weeks away, it's hard not to stress about what still needs to get done buy and wrap last-minute presents, fill stockings, send out Christmas cards, make cookies for the neighbors, plan/shop/cook gourmet meals, the list goes on…

Here are 10 tips to make the next couple of weeks more enjoyable.

  1. Make Christmas shopping a group activity with some friends/family. They can help give you ideas of gifts to buy for people on your list. You’ll kill two birds with one stone – get to spend quality time with friends/family and get your Christmas shopping done!
  2. Arrange a stocking stuffer blitz. Grab your significant other and $10 each and head to a discount store. You’ve each got 30 minutes to fill a stocking for the other person!
  3. Tie it with a bow. Give your gifts unwrapped with just a bow. You’ll save yourself time and money!
  4. Skip some events. Don't feel obligated to attend every party you're invited to. The neighborhood cookie exchange isn't necessary.
  5. Walk off your pecan pie. Instead of focusing on Jack Frost nipping at your nose while walking across a cold shopping center parking lot, think of it as your daily exercise so you don’t feel guilty about missing the gym.
  6. Make new friends. When you’re waiting in a long line at your local retailer, instead of getting frustrated at the seasonal cashier who doesn’t know how to handle returns, get to know the people in line next to you.
  7. Belt out holiday jingles when you’re stuck in traffic. After all, “The best way to spread Christmas cheer, is singing loud for all to hear.” The other drivers may also cheer up just looking at you singing, especially if you do some shoulder sways and pretend to hold a microphone.
  8. Think of someone other than yourself. When you see others’ poverty, you’ll realize how much you have to be grateful for. Finding the perfect party dress just won’t seem so important when your neighbor doesn’t even have money for Christmas dinner. Look for opportunities to help others like serving dinner at a soup kitchen, buying presents for children in need or singing Christmas carols for your neighbors.
  9. Laugh. Choose to be jolly and bright even if the Christmas decorations don’t get put up, the presents you ordered online don’t show up in time or the Christmas cards you sent get returned because you forgot to put stamps on them. Laughter will help you keep it all in perspective.
  10. Catch some Zs. Don’t sacrifice your sleep for fun. If you do, you’ll end up being as grumpy as the Grinch and find Santa’s left coal in your stocking.

This year don’t let yourself get run over by the sleigh full of parties, presents, limited time and bad attitudes. Practice these stress reducing tips to help you feel like you’re gliding along a wintry fairy land!

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