Shane Stover to Serve as Loan Officer in Oklahoma City

Tuesday, August 15 at 03:00 PM
Category: Arvest Community News

Arvest Bank is pleased to announce the hiring of Shane Stover in its Oklahoma City market.

Stover will serve as mortgage loan officer and be based out of the bank’s branch at 1900 S. Douglas Blvd., in Midwest City.

Stover is an Oklahoma native and has lived in-state except for his time serving as a member of the U.S. Air Force. With a career in consumer finance spanning more than 18 years, Stover has particular expertise in VA, FHA and conventional mortgage lending. He also provides homebuyer education designed specifically for the veteran community. Shane and his wife have two children and live in Greater Oklahoma City, where they are both active members of the Mid-Del real estate community.

Welcome, Shane!

Tags: Oklahoma, Oklahoma City
 

MyBankTracker Recognizes Arvest Bank

Wednesday, August 09 at 11:00 AM
Category: Arvest News

Arvest Bank once again has been recognized by MyBankTracker.com, which touts itself as a personal finance resource for more than a million monthly visitors.

Arvest was named the “Best Southern Customer-Focused Bank” for the fourth consecutive quarter. MyBankTracker.com’s regional awards are given on a quarterly basis.

MyBankTracker.com* cited Arvest’s extensive branch network, extended hours and high levels of transparency, among other factors, in announcing it as a winner.

This honor comes after Arvest was recognized in May by Forbes magazine as one of “America’s Best Large Employers” for 2017. The bank ranked 208th out of the 500 businesses nationwide – with 5,000 or more full- or part-time associates – that scored highest in an independent survey of employees regarding satisfaction with their company. Additionally, Arvest is the highest-ranking community bank among all companies in the banking/financial services category and the only Arkansas-based company on the large employer list.

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

Tags: Arkansas, Associates, Award, Kansas, Missouri, Oklahoma
 

Lucas Added as Board Member in Oklahoma City

Monday, August 07 at 10:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Erika Lucas has joined the Arvest Bank Oklahoma City Board of Directors.

Lucas is the founder and CEO of StitchCrew, a consultancy and project management firm helping technology organizations conceive, design and scale through innovative business modeling, marketing strategies and operational efficiencies. She also works with venture capital firms in established regions looking to invest outside traditional technology hubs and partners with economic development organizations to develop startup communities and capture innovation-driven entrepreneurship in order to grow the innovation economy in the Midwest.

“Erika’s business experience and vision will be a great asset to Arvest and we are fortunate to have her vision and leadership as a part of our board,” said Ron Witherspoon, president of Arvest Bank Oklahoma City. “We are delighted to have Erika as a part of our team and are looking forward to her first meeting with us later this month.”

Prior to launching StitchCrew, Lucas was vice president of marketing and communications for a private equity firm investing exclusively in aerospace and defense companies, and was responsible for onboarding new acquisitions into the firm's operating business model. She also developed growth strategies, along with scalable operating models, for portfolio companies by working closely with the leadership team of each company to ensure governance and growth trajectory were in line with defined investment goals.

Additionally, Lucas spent six years at the Oklahoma Department of Commerce, leading the foreign direct investment and trade team, as well as the marketing and communications team. During her tenure, a total of 38 international companies located or expanded in the state, accounting for $260 million in investment and 4,100 direct jobs.

Born and raised in Mexico, Lucas began her career facilitating the establishment of international manufacturing companies in her home country, from site selection and incentive negotiation to running the administrative side of the in-country operation.

Lucas also is a board member for the Oklahoma City-County Health Department, the Potts Family Foundation, the Port Authority of the Greater Oklahoma City Area and the Oklahoma City Energy FC.

Tags: Oklahoma, Oklahoma City
 

Arvest Bank Surpasses $1B Mortgage Mark for 15th Consecutive Year

Tuesday, August 01 at 10:00 AM
Category: Arvest News

Arvest Bank announced today that its mortgage division has originated more than $1 billion in mortgage loans for the 15th year in a row. That includes both purchase-money and refinance loans. This is the earliest the bank has reached the $1 billion mark since 2013, indicating a strong real estate market in the communities the bank serves.

“We are honored that our customers choose Arvest for their mortgage business, both when purchasing a home and in situations when our low rates provide them the opportunity to refinance and improve their financial position,” said Steven Plaisance, president and chief executive officer of Arvest’s mortgage division. “The majority of loans we are issuing are purchase-money loans, which is a healthy sign for our markets, and rates are still very good.”

Arvest reached the $1 billion mark almost a month sooner than it did last year. As of July 24, Arvest had closed a total of 5,696 loans with a total loan value of $1,004,913,837. In 2016, the bank reached the $1 billion mark on Aug. 19.

“The housing market is very robust, with record home sales in some areas and certainly competitive lending rates,” said Plaisance. “Consumer confidence has been strong and that’s certainly reflected in the mortgage industry.”

This is the fourth consecutive year in which purchase-money loans account for more of Arvest’s total mortgage loan volume than refinances. Through July 24, purchase-money loans accounted for 64 percent of the company’s total loan volume. That’s up from 58 percent in 2016. 

“The continued year-over-year increase in purchase-money activity in our markets is yet another strong indicator of the health of those local economies,” Plaisance said.

Through July 24 of this year, Arvest made 3,687 purchase-money loans with a volume of $645,467,279. That’s up from 3,390 loans and $555,367,905 in volume compared to year-to-date totals on July 24, 2016.

Arvest’s overall volume of $1,004,913,837 – on 5,696 loans as of July 24, 2017 – is up from $860,630,640 on 5,360 loans as of July 24, 2016. That’s a 16.8 percent increase compared to the same time last year.

The average loan size at Arvest as of July 24 for this year also increased, compared to the same period last year, from $160,565 to $176,424, reflecting improving values in the real estate market.

Arvest is unique among most local lenders in that it services 99 percent of its mortgage loans, meaning that customers make their payments to Arvest and work directly with Arvest for any needs after their loan closes.

Tags: Arkansas, Kansas, Lending and Financing, Missouri, Mortgage, Oklahoma, Press Release
 

Belford Promoted in Oklahoma City

Wednesday, July 19 at 10:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has promoted Shandy Belford in its Oklahoma City market.

Belford, who joined Arvest in October 2016 as a senior vice president, commercial banker, will now serve as commercial loan manager. As such, she will manage the bank’s commercial lending team in Edmond, work to deepen relationships with existing clients and develop new business. Belford will continue to office at Arvest’s 1501 W. Edmond Road branch in Edmond.

Belford came to Arvest with 12 years of banking and commercial lending experience. She previously has worked at BancFirst, MidFirst Bank and Bank of Oklahoma.

A resident of Edmond, Belford earned a bachelor’s degree from Southwestern Oklahoma State University. She is active in numerous civic groups and holds leadership positions with the Edmond Public Schools Foundation (executive board member) and the Edmond Area Chamber of Commerce (chair of Leadership Edmond). Belford and her husband, Chris, have three children.

Tags: Associates, Oklahoma, Oklahoma City

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