Grand Opening for Belton, Mo. Branch

Wednesday, June 22 at 06:45 AM
Category: Arvest Community News
Arvest held a grand opening in Belton, Mo., on Monday, June 13. The fun-filled day started with a Belton Chamber ribbon cutting and breakfast goodies and concluded with a cookout complete with an Arvy appearance! 

Mayor Jeff Davis opened with remarks on the growth of the Belton community and a warm welcome to Arvest. Jay Leipzig, Director of Community and Economic Development, presented Stacey Dahlman, Arvest Belton Branch Sales Manager, with a certificate of appreciation. The Belton Chamber presented Dahlman with a ribbon cutting certificate and Barbara Christ, Arvest Sales Manager, closed with the story of Arvest history and our commitment to the communities we serve.

“It was great to see so many community members, elected officials and community partners in attendance,” said Jen Fulton, Arvest Branch Administrator. “We are thrilled to be part of the Belton community and are looking forward to serving the community and citizens of the Belton area,” she said. 
Arvest will continue to enhance the excitement of our new location in the Belton community. Two upcoming events include a local author book signing at the end of June and a World Series trophy event at the end of July.   

Tags: Arvest Growth, Missouri

Arvest Hits $1 Billion Mortgage Mark for 13th Year in a Row

Tuesday, September 15 at 09:00 AM
Category: Arvest News

Arvest reaches $1 billion in mortgage loans for the 13th year in a row and one month earlier than last year.

LOWELL, Ark. — Arvest Bank announced today its mortgage division has originated more than $1 billion in mortgage loans, which includes both purchase money loans and refinance loans, for the 13th consecutive year.

“The Arvest Bank team continues to show tremendous commitment and service to the communities we serve through consistency in making home loans to as many families as possible,” said Steven Plaisance, president and chief executive officer of Arvest’s mortgage division.

Additionally, Arvest revealed it reached the $1 billion milestone more than a month earlier this year than it did in 2014. As of Aug. 21, Arvest had closed a total of 6,380 loans with total loan value of $1,008,591,434. In 2014, Arvest didn’t hit the $1 billion mark until Sept. 30.

“Low mortgage rates in early 2015 really stimulated this year’s mortgage activity and complemented the improved home buying season through the early spring and well into summer,” Plaisance said.

Plaisance said 2015 is the second consecutive year in which purchase money loans account for more of Arvest’s total mortgage loan volume than refinances. Through Aug. 21, purchase money loans accounted for 61 percent of the company’s total loan volume. That’s up from 33 percent and 43 percent in 2012 and 2013, respectively.

“We are very pleased to see our overall volume being led by existing home sales and new construction activity in many of our markets,” Plaisance said. “Homeownership continues to be the choice for the majority of people in the markets we serve.”

Through Aug. 31, 2015, Arvest made 4,110 purchase money loans with a volume of $652,846,736. That’s up from 4,073 loans and $610,847,597 in volume as of Aug. 31, 2014.

Arvest’s overall volume of $1,056,891,055 – on 6,672 loans as of Aug. 31, 2015 – is up from $899,843,757 on 6,053 loans as of Aug. 31, 2014. That 17.5 percent increase is higher than the Mortgage Bankers Association forecast of a 14.9 percent increase.**

The average loan size at Arvest as of Aug. 31, 2015, also increased compared to the same period last year, from $148,661 to $158,407, reflecting improving values in the real estate market.

“Average loan sizes have increased as home prices continue to appreciate modestly,” Plaisance said. “Refinancers have also benefited from recovery in their values to take advantage of the very low mortgage rates.”

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 deal with Arvest for any needs after their loan closes.

**Mortgage Bankers Association. MBA Mortgage Finance Forecast.* December, 2014. 

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

Tags: Arvest Growth, Home Loans, Mortgage, Press Release

Arvest Mountain Home, Ark. Branch Grand Opening

Thursday, October 09 at 06:50 AM
Category: Arvest Community News

You're invited to the grand opening celebration of our new branch in Mountain Home, Ark., on Oct. 17. Join us for food, music and more!

YELLVILLE, Ark. – Arvest Bank Mountain Home will be holding a grand opening celebration for their new branch located at 1627 Hwy 62 W. near the ASU Mountain Home campus. The event will take place on Oct. 17 beginning at 10 a.m.

The local National Guard will raise the flags and the Mountain Home High School Jazz Band will play the National Anthem to accompany the branch’s opening ceremony and ribbon cutting. The Jazz Band will also provide other music during the ceremony.

Arvest customers and members of the community are invited to the grand opening to tour the new branch and meet with Arvest associates. The ribbon cutting ceremony will be held at 10 a.m., and food and drinks will be served afterwards until 2 p.m. KTLO will be broadcasting live with their treasure chest from 11 a.m. to 1 p.m. and the Gravel Yard will also be playing live from 12 p.m. to 2 p.m.

The first 25 attendees that bring two non-perishable food items will receive a fall mum. All non-perishable food donations will benefit the Food Bank of North Central Arkansas for Arvest’s 1 Million Meals campaign.

Sally Gilbert, Market President for Arvest Bank in Mountain Home said, “We are excited to have expanded our presence here in Mountain Home, and are looking forward to celebrating this occasion with our associates, customers and members of the community.  Arvest is committed to meeting the financial service needs of both individuals and businesses as we make this transition and we are excited to be working with even more customers in our community.”

Those in attendance will have the opportunity to meet with the Arvest local management team including: Dawn Cotter, Branch Manager; Tom Dame, President/CEO; Sally Gilbert, Market President; Gail Mainord, Sales Manager; Tiffany Watkins, Marketing Manager; and Layton Lee, Loan Manager.

The new branch will offer a convenient location and hours to service ASU Mountain Home students and members of the Mountain Home community. The new branch hours will be Monday through Friday 8 a.m. to 6 p.m. and Saturday 8 a.m. to noon for the lobby, and Monday through Friday 7 a.m. to 7 p.m. and Saturday 8 a.m. to noon for the drive thru.

Tags: 1 Million Meals, Arkansas, Arvest Growth, Community Support, North Central Arkansas, Press Release

Arvest Bank Breaks Ground on New Gentry, Ark. Branch

Friday, May 16 at 06:45 AM
Category: Arvest Community News

We're excited to break ground on a new branch in Gentry, Ark., which will replace our older, smaller building on the same lot. We'll incorporate the existing Sycamore tree into the landscaping to preserve a focal point for the community.

GENTRY, Ark., — Arvest Bank hosted a groundbreaking ceremony for a new location that is twice as large as the current branch in Gentry. The new branch is on the same lot as the current location at 320 East Main Street, which will remain operational throughout construction of the new branch. The older building will be torn down after the new building is completed by the end of the year.

As many national and regional banks are abandoning smaller communities or reducing branch services or hours, Arvest Bank has continued to grow and update its branch network.  Arvest Bank has added more than 30 new locations, either by acquisition or construction, in the past year. 

“We are so happy to be starting on the new, larger branch for our Gentry community customers,” said Roger Holroyd, Arvest Bank President in Siloam Springs. “This branch allows us to add a community room and doubles the space for our customers. One thing that does not change with our footprint is our focus on community-based banking. This new branch will help us to continue the superior customer service for which Arvest is known.”

The building that houses the branch in Gentry first opened on July 26, 1966, and was originally built as Bratt-Wasson Bank. First National Bank bought Bratt-Wasson, and later, Arvest Bank purchased First National Bank. The new branch will be 3,185 square feet and will have an updated layout and look. The branch will cost approximately $1.5 million to build.

“Arvest is also pleased that we were able to respond to the community’s concern for the large Sycamore tree at the corner of the property,” Holroyd said. “We are incorporating the tree into the landscaping plan; it will be a focal point for the town and for Arvest.”

Tags: Arkansas, Arvest Growth, Press Release, Siloam Springs

Arvest Equipment Finance Sees 8.1 Percent Growth in 2013

Tuesday, March 25 at 04:15 AM
Category: Arvest News

We are excited to announce since 2009, loans and leases by Arvest Equipment Finance have more than doubled. We're proud to note this puts Arvest Equipment Finance in the top 100 largest equipment finance and leasing companies in the U.S. in 2013.

LOWELL, Ark. -- Seven years after its founding, Arvest Equipment Finance (AEF), a division of Arvest Bank, ended 2013 with $132.3 million in loans and leases. This is an increase of 8.1 percent from $122.3 million in 2012.

When looking at the past few years, AEF has seen tremendous growth in a relatively short time period. In 2009, AEF ended the year with loans and leases valued at $54.9 million. The value of loans and leases has more than doubled as of the end of 2013.

In 2013, AEF ranked among the top 100 largest equipment finance and leasing companies in the United States by MonitorDaily, the leading publication of the equipment leasing and finance industry. The Monitor 100 is published annually and ranks the largest equipment leasing and finance companies based on net assets and new business volume. The 2013 Monitor 100 report, published in the 2013 Monitor 100 Special Issue dated June 2013, ranks AEF 99th on the list in terms of 2012 assets.  AEF ended 2013 with assets totaling $133 million.

The industry is experiencing overall growth with the Equipment Leasing and Financing Association (ELFA) predicting that a majority of U.S. businesses will use some form of financing for equipment acquisition in 2014. ELFA also states that, in 2014, investment in plant equipment and software in the United States is projected to reach $1.5 trillion, of which 57 percent, or $860 billion, is expected to be financed through loans, leases and lines of credit, an increase from 55 percent in 2013. In a continuing trend,* seven out of 10 businesses will use at least one form of financing to acquire equipment.

AEF president and CEO, Kyle W. Gilliam said, “Financing equipment is a great option for business owners as it gives them flexibility and the option to preserve resources for other needs. Here, we are in the fortunate position of having close relationships with Arvest lenders, and so we’ve been able to successfully inform customers about the benefits of using AEF. One of these benefits is the ability to finance up to 100 percent of the cost of equipment with no down payment. We have had a great year, and that connection with lenders and our personal relationships with our customers is what helps us to be successful.”

 Links marked with * go to a third-party site not operated or endorsed by Arvest Bank.

Tags: Arvest Biz, Arvest Growth, Press Release

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