Arvest Bank Announces Spicer Move

Wednesday, April 25 at 09:00 AM
Category: Arvest News

Merissa Spicer, vice president and trust officer for Arvest Wealth Management (AWM), has moved offices, Arvest Bank announced today.

Previously based in Lowell and Bella Vista, Spicer now works at the Downtown Bentonville branch located at 201 NE A Street.

Among other duties, Spicer manages personal trusts, settles estates, and administers charitable trusts, Individual Retirement Accounts (IRAs) and agency accounts. She also specializes in the administration of Irrevocable Life Insurance Trusts (ILITs). Spicer has worked at Arvest since 1998, and in the trust department since 2004.

Spicer earned a bachelor’s degree in business management from the University of Arkansas at Little Rock. She also is a graduate of the Cannon Trust School and holds the designations of Certified Trust and Financial Advisor and Accredited Estate Planner®.

A current board member for the Bella Vista Animal Shelter, Spicer is active in numerous other civic endeavors. She and her husband, Lonnie, have two adult sons.

About Arvest

Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2017, operates more than 250 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 15 locally managed banks, each with its own board and management team. These banks serve customers in more than 120 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 Cookout, Lunch Delivery Supports Local Food Bank

Monday, April 23 at 01:00 PM
Category: Arvest Community News

Arvest Bank associates recently took pre-orders for boxed lunches they cooked, packed and delivered to employees of local businesses, all in an effort to raise money for the Food Bank of North Central Arkansas.

Boxed lunches included a hamburger or hot dog, chips, cookie and a drink. Proceeds from the fundraiser will provide 7,680 meals for the food bank.

“This was a great event to serve our community in two ways; our teams had fun catering to local businesses and we’re helping keep a continuous supply of food on the shelves of the food bank for weeks to come,” said Tiffany Watkins, assistant vice president and marketing director for Arvest Bank in North Central Arkansas. “We are just getting started in our efforts to help reduce food insecurity so there’s still time for anyone who is interested in helping to donate.”

Sponsors of the cookout included Allens Grocery Deli Meats Produce, Blacksheep Smokehouse and Grill, Harps, Marion County Paving, Sonic, Subway and White Oak Station.

The cookout and lunch delivery fundraiser was part of Arvest Bank’s annual 1 Million Meals campaign that challenges bank associates, customers and community members to participate in fundraising efforts and nonperishable food drives to fight hunger in the more than 120 communities the bank serves. Every donation supports the bank’s local food partner. 

Yellville residents can participate in 1 Million Meals by dropping off nonperishable food items or monetary donations at the Arvest Bank branch or by calling (866) 952-9523. Arvest credit card customers can donate Arvest Flex Rewards™ points by visiting arvestflexrewards.com and clicking on the 1 Million Meals banner.

For more information about 1 Million Meals, visit arvest.com/millionmeals.

Tags: Arkansas, Arvest, yellville
 

Arvest CEO Kevin Sabin Welcomes Bear State Customers & Associates

Monday, April 23 at 12:00 PM
Category: Arvest News

As president and CEO of Arvest Bank, let me be among the first to offer a warm welcome to all of our new customers from Bear State Bank.

Like Bear State, Arvest is a customer-focused bank that prides itself on a commitment to our customers above all else. This has been true since our founding in 1961 and has held true for more than 55 years. Our mission statement is ‘People helping people find financial solutions for life,’ and we live it every day. 

We hope that will become evident to you as you explore our full range of products and services. From a variety of checking accounts to consumer and commercial loans to investments to servicing 99 percent of the mortgage loans we make, Arvest offers solutions tailored to your unique financial needs.

We also share Bear State’s commitment to the communities we serve. From our 1 Million Meals initiative to our People Helping People program to the dozens of groups and organizations we support throughout our four-state footprint, we are devoted to making the places we call home better places to work and live.

Arvest is currently in the midst of its eighth 1 Million Meals drive, in fact. We are off to a great start and looking forward to adding to our total of more than 11.4 million meals raised for families throughout Arkansas, Kansas, Missouri and Oklahoma. That includes more than $2 million in funds given directly to dozens of food partners. We also take pride in the fact that all food and funds raised in our communities stays in those communities.

I also want to welcome those who have been employees of Bear State and are now Arvest associates. We have been impressed by what we’ve seen from you as we’ve gotten to know more about Bear State, and we hope to now work alongside you for many years to come. Forbes magazine has recognized Arvest as one of America’s best employers in an independent, anonymous survey, and we are eager to share our culture with you.

Lastly, for all those associated with Bear State – both its customers and its employees – please know that this brief welcome is just the first step in welcoming you to Arvest. We will be communicating with you regularly and we sincerely look forward to growing our relationship with you.

Thank you,
Kevin Sabin
Arvest Bank President & CEO

Tags: Arvest
 

Arvest Bank Adds Murphy and Rockefeller Jr. to Board of Directors

Monday, April 23 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Dr. Bruce Murphy and Winthrop (Win) Rockefeller Jr. have joined its local board of directors in central Arkansas.

Murphy is the CEO of Arkansas Heart Hospital. In addition to training cardiologists from across the United States and the world on advanced interventional techniques, Murphy is a regular speaker on a variety of topics at both national and international conferences. He lives in Little Rock.

Rockefeller is the principle at Theseus Holdings LLC. He and his wife, Natalie, have two sons and live in Little Rock. Among other civic endeavors, Rockefeller is a board member for the Humane Society of Pulaski County, Easterseals, and the Winthrop P. Rockefeller Cancer Institute.

“We are thrilled to add Bruce and Win to our board,” said Jim Cargill, Arvest president for central Arkansas. “Both men have expertise that will be invaluable to us here at Arvest. Additionally, they also are big and active parts of the community here in central Arkansas. There is no doubt they will be strong parts of our team.”

Tags: Arkansas, Arvest
 

Arvest Bank Completes Acquisition of Bear State Financial, Inc.

Friday, April 20 at 04:00 PM
Category: Arvest News

Arvest Bank (“Arvest”) announced today the closing of its acquisition of Bear State Financial, Inc. (“Bear State”), the parent company of Bear State Bank.

As of Dec. 31, 2017, Bear State had assets of $2.16 billion, with $1.67 billion in loans and $1.5 billion in deposits, while Arvest had assets of $16.75 billion, with $10.44 billion in loans and $14.37 billion in deposits. As previously announced, this acquisition was a cash transaction valued at approximately $391 million. With the close of the deal, Arvest will have assets of approximately $18.76 billion. 

The acquisition adds new communities to Arvest’s footprint in northeast Arkansas, southwest Arkansas, southern Missouri and southeast Oklahoma. Bear State also has banking locations in 18 communities already served by Arvest. With the close of the deal, Arvest now serves more than 135 communities in Arkansas, Kansas, Missouri and Oklahoma.

Arvest and Bear State are now legally one bank, but will continue to operate under separate names until sometime this fall, when Bear State branches, accounts and operations will be transitioned to Arvest. Until that transition is complete, customers should continue banking at their current bank locations.

“We are pleased to welcome Bear State customers and associates to Arvest,” Arvest marketing director Jason Kincy said. “We have expressed from the beginning of this acquisition how excited we are to add these desirable communities to our footprint. Now we will start working together to combine the two companies to benefit our customers and the communities we serve.”

Bear State customers with questions should contact their local Bear State banker or Bear State’s solutions center at (866) 242-3324 or visit arvest.com/welcome.

Tags: Arkansas, Arvest

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