Arvest Wealth Management Tops Revenue Record

Thursday, March 14 at 09:00 AM
Category: Arvest News

Arvest Wealth Management announced today that it produced record revenue in 2018, the second consecutive year it has done so.

Arvest Wealth Management, which offers wealth management, trust, investment, and insurance products and services, has investment and trust advisors throughout Arvest Bank’s four-state footprint. It recorded revenue of $71.4 million in 2018, up from $65.2 million in 2017. Additionally, Arvest Wealth Management reported total assets under management of more than $12 billion as of Dec. 31, 2018.

“Our 2018 success reflects our ongoing commitment to building deeper customer relationships,” Arvest Wealth Management president and CEO Jim King said. “Our investment and trust advisors, through our discovery and financial planning process, work with our customers to better understand their hopes, dreams and goals, and work to create an investment plan to help them achieve those goals.”

Additionally, after a lengthy due diligence process, Arvest Wealth Management recently announced its intention to consolidate its clearing and custody relationships with one firm – Pershing, a BNY Mellon company. That consolidation and conversion is scheduled for later this year.

Arvest Wealth Management is excited about the move to Pershing and believes it will allow for better integration of wealth management services into the Arvest Bank online and digital platforms and provide a better customer experience.

“We believe this move to Pershing will allow Arvest Wealth Management to provide the most competitive investment and advisory products and services to our customers, and to more seamlessly integrate our products and services into our bank’s digital infrastructure,” King said.

About Arvest Bank
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.

About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

Tags: Arvest, Arvest Wealth Management
 

Arvest Wealth Management’s Cross to Wrap Up Career in March

Wednesday, March 13 at 02:00 PM
Category: Arvest News

Arvest Bank will celebrate the career of Jim Cross on March 29.

Cross, a senior client advisor for Arvest Wealth Management in Bentonville, has worked at Arvest for 30 years.

Jim Cross has had an incredible career at Arvest, and for many, it will be hard to think about Arvest Bank in Bentonville without Jim as an advisor there,” Arvest Wealth Management president and CEO Jim King said. “Jim has seen Arvest grow and change through his many years of service, and has contributed to that growth in so many ways.

“But most importantly, for more than 30 years, Jim has helped so many customers achieve their financial goals with his personal passion and diligence. Jim has meant so much to Arvest, and we wish him all the best in his retirement.”

A reception to honor Cross will be held from 2-4 p.m. on Friday, March 29, at the Bentonville Conference Center.

About Arvest Bank
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.

About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.
 


 

Tags: Arvest Wealth Management, Associates, Bentonville
 

Arvest Bank Hires Parry as Mortgage Lender

Wednesday, March 06 at 02:00 AM
Category: Arvest News

 

Arvest Bank is pleased to announce that Shawna Parry has joined the bank as a mortgage lender. Parry will work out of the Arvest Bank branch in Ashdown and will also serve customers in Nashville and Dierks with their mortgage lending needs.

Parry started her career in banking in 2015. She has experience in retail banking and mortgage lending.

“Shawna is a great asset and will provide a high level of expertise and support to our customers in southwest Arkansas,” said Eric Cullum, mortgage loan manager for Arvest Bank in northeast, central and southwest Arkansas. “We are glad to be able to provide an on-site mortgage lender to our customers in this area and we believe they will notice the advantages of having this resource.”

Parry received her bachelor’s degree in business administration from Southern Arkansas University in Magnolia.

About Arvest
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.

About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.
 

 

Tags: Associates, Little Rock
 

Arvest Bank Once Again Recognized by Forbes Magazine

Tuesday, March 05 at 08:00 AM
Category: Arvest News

Arvest Bank has been recognized by Forbes magazine as one of the “World’s Best Banks” for 2019.

In collaboration with analytics firm Statista, Forbes produced its first-ever “World’s Best Banks” list based on an independent survey from a vast sample of more than 40,000 bank customers across the world. Participants were asked to identify all banks where they have opened checking or savings accounts; they were then asked to rate the banks in the following areas: trust, terms & conditions, customer services, digital Services, and financial advice.

A total of 415 banks in 23 different countries received the distinction, with 60 of those based in the United States. On average, each bank recognized received 100 customer evaluations.

Arvest ranked 16th on the list of U.S. banks. The full list and an accompanying article can be found here on the Forbes website.

This honor is the first Arvest has received from Forbes in 2019. Forbes named Arvest one of “America’s Best Large Employers” in both 2017 and 2018, as well as one of “America’s Best Employers for Women” and one of Arkansas’ “Best-In-State Banks” in 2018.

Tags: Arkansas, Arvest, Kansas, Missouri, Oklahoma
 

CONSUMER ALERT: Mortgage Post Card Scam

Monday, March 04 at 02:00 PM
Category: Arvest News

Arvest Bank is warning customers about scammers sending post cards regarding mortgage loans. Some Arvest customers have reported that they are receiving pink or yellow cards from a Daytona Beach, Florida, bulk mailing with no return address. These cards contain a false loan number and instruct recipients to call a non-Arvest phone number immediately. If a customer calls the number, the scammers tell him or her that there was an error with a recently closed mortgage that requires refinancing.

If you receive one of these cards, please disregard it and contact us at 866-952-9523.

Please know that Arvest Bank takes your privacy seriously and would never communicate your loan information publicly this way. With the exception of the fake loan number, it is possible the information came from viewing public records once your mortgage was filed. For more information about how Arvest Bank protects your privacy, and how to report fraud, please visit https://www.arvest.com/about/privacy-and-security/.

Tags: Fraud Alert

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