Arvest Bank Takes Two Honors at Annual ARcom Award Ceremony

Friday, September 13 at 08:00 AM
Category: Arvest News

Arvest Bank was recognized twice at the annual ARcom Award ceremony in Little Rock on Thursday night.
The ceremony is hosted by the Arkansas chapters of the Public Relations Society of America and the International Association of Business Communicators, and is designed to recognize exceptional public relations programs. Arvest won a Prism Award in the category of Public Service, as well as the Bob Sells Best of Show Award, both for its annual Million Meals campaign.
The Public Service category consists of entrants that run programs promoting societal good, in which the sponsoring organization’s principal motivation is altruistic or philanthropic. Sells, founder of Sells Agency, was a veteran public relations professional whose contributions to the industry were recognized across Arkansas and the nation.
Arvest has conducted its Million Meals campaign for the past nine years in an effort to help feed the hungry across the bank’s four-state footprint. During that time, Arvest – with the help of its customers, community members and associates – has raised a total of 16-plus million meals, including more than $2.8 million in funds given directly to the banks dozens of local food partners. In the 2019 campaign, Arvest raised more than 2.4 million meals.
More than 80 entries were submitted for consideration in 40 categories. The entries were judged by members of the West Virginia chapter of the Public Relations Society of America.
Accepting the awards on behalf of Arvest were – left to right – Ginger Daril and Caroline Minor of Sells Agency, Arvest marketing manager Caroline Reddish, president and CEO of Arvest Bank for central, northeast and southwest Arkansas Jim Cargill, and Mike Sells.

Tags: Arvest
 

Village Parkway Branch in Rogers is Moving!

Wednesday, September 04 at 08:00 AM
Category: Arvest News
We have some important news to share regarding our current location at 5201 Village Parkway in Rogers. Our goal is to provide our customers with the most convenient, full-service, state-of-the-art banking facilities in the area. With that in mind, we have decided to close our location at 5201 Village Parkway in Rogers and move to a larger, newer facility located at 4201 JB Hunt Dr. (across from Pei Wei and Andy’s in Pinnacle) on the corner of W. Pauline Whitaker Pkwy and S JB Hunt Dr. Our last day of business in the current location will be Saturday, November 9, 2019. 
 
Customers' accounts will automatically transfer to our nearby branch at 4201 S. JB Hunt Dr., so there is no need for you to take any action. 

The new location on JB Hunt Dr. has convenient hours. 

  • Commercial drive-thru lane is open from 7:30 am to 6:00 pm Monday through Friday, as well as 9:00 am to 1:00 pm on Saturday.
  • There will be 3 interactive teller machine (ITM) lanes open from 7:00 am to 8:00 pm Monday through Friday, as well as 8:00 am to 5:00 pm on Saturday.
  • Lobby hours are from 8:00 am to 5:00 pm Monday through Thursday, 8:00 am to 6:00 pm on Fridays and 9:00 to 1:00 PM on Saturday.
  • In addition, our convenient online banking and mobile app with mobile check deposit are available 24 hours a day. 

Safe Deposit Boxes 

If you have a leased safe deposit box, we would like to present you with the options below for handling those contents: 

  • Arvest Bank will relocate all safe deposit boxes to our new Branch located at 4201 S. JB Hunt Dr. The safe deposit box contract will remain the same, as well as the number and key, no action by you is necessary. The last day to access your safe deposit box will be Friday, November 8th during normal business hours. You will be able to access your leased safe deposit box at the 4201 S. JB Hunt Dr. location during normal business hours, effective Tuesday, November 12th. 

  • If you have a concern about the move of your leased safe deposit box, (ie. breakable or delicate items), please contact us at the Village on the Creeks location (5201 Village Parkway) no later than close of business on Friday, November 1st to discuss options for the removal of items.  

  • Should you choose to not want to relocate the contents from your currently leased safe deposit box to our new location because it is no longer convenient, Arvest will waive the safe deposit box rental fee for the first year on an equivalent box size rental. We currently have space available at many of our other area branches but please know that certain box sizes may be limited at other locations. Please discuss this with us at the time of removing contents from your currently leased box so we can ensure a safe deposit box will be available at any of our other area locations of your choosing. 

  • If you plan to discontinue your safe deposit box services and not relocate to another Arvest location your safe deposit box contents will need to be removed from the safe deposit box before 6:00 p.m. on Friday, November 8th. After taking possession of your safe deposit box contents, the safe deposit box lease agreement amount will be refunded based on the pro rata portion for the unexpired term of your current lease.   

If you wish to comment on this proposed branch closing, you may file comments with the Officer in Charge of Consumer Compliance of the Federal Reserve Bank of St. Louis at P.O. Box 442, St. Louis, Missouri, 63166. Comments should be received by the proposed closing date; however, please note that the Federal Reserve Bank does not have authority to approve or prevent the branch from closing. 

Thank you again for your business and the trust you have placed in us. We want to continue providing exceptional customer service, and we look forward to serving you. If you have any questions, please call Desiree Moore, Branch Manager at (479) 986-3701. We look forward to serving you in the years to come.

 

Tags: Locations, Rogers
 

Home Sales Increase 7 percent While Prices Continue Rising

Friday, August 30 at 09:00 AM
Category: Arvest News

Arvest Bank today released its biannual Skyline Reports on residential real estate in Northwest Arkansas for the first half of 2019.

Homebuying activity in the region was very strong, posting a 7 percent increase from the first half of 2018. There were 4,747 homes sold, which is the third-highest total since the Skyline Report debuted in 2005.


During the period, the average price for homes sold continued to rise and reached record highs in both Benton and Washington counties. The average sale price in Benton County was $250,608, a 5.3 percent increase from $238,098 in the first half of 2018. The average sale price in Washington County was $235,893, a 0.1 percent increase from $235,618 in the first half of 2018.

In the past five years, the average price of homes sold in Benton County has risen 33.2 percent, while the average price in Washington County has risen 28.1 percent. On a cost-per-square foot basis, prices rose 5.2 percent in the two-county area, from $110.85 a year ago to $116.64 this year.

During the first half of this year, 27.3 percent of all houses sold were new construction, the highest percent since Skyline’s inception.

In the short term, the area’s ability to keep pace with the demand evident in these trends is dependent upon enough new homes being built to have ample supply. With 1,946 building permits being issued in the first half of the year – the highest total since 2006 – this short-term need would appear to be accomplished.

However, looking further ahead, there could be a shortage of available lots for future building, as the number of months of inventory of available lots, based on current absorption rates, continues to drop. This inventory peaked at 281 months in the first half of 2011 and has now fallen to 25.6 months.

Mervin Jebaraj, director of the Center for Business and Economic Research (CBER) at the Sam M. Walton College of Business at the University of Arkansas, speaking about the long-term supply of future lots, said, “With the area continuing to attract newcomers, and as young people continue entering the homebuying market, the need for new homes is likely to continue for quite some time. In order to meet this future demand, it is up to our cities to find ways to allow more utilization of current areas for residential development, as many consumers wish to live close to desired amenities. Land for development in less populated areas should not be an issue, but land for development within cities is also needed, along with the water and sewer infrastructure needed to support residential developments.”

Mark Ryan, executive vice president and loan manager with Arvest Bank of Benton County, said about the residential Skyline results, “The real estate market in Northwest Arkansas continues to be strong for developers, sellers and buyers. We are working with our residential developers to provide the financing they need to keep supply levels in line with demand, and our mortgage lenders have been very busy this year helping our customers get the home loans they need.”

The Arvest Skyline Report is a biannual analysis of the latest commercial, single-family residential and multifamily residential property markets in Benton and Washington counties. The report is sponsored by Arvest Bank and conducted by CBER.

In 2004, Arvest Bank contracted with CBER to collect information about the local real estate markets. CBER researchers aggregated and analyzed data from local governments, property managers, visual inspections and the business media to provide a complete picture of the status of property markets in the two counties.

CBER 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.

Tags: Arkansas, Arvest
 

Arvest Bank Closed Monday, Sept. 2 for Labor Day

Tuesday, August 27 at 09:00 AM
Category: Arvest News


In observance of Labor Day, all Arvest branches and the customer service line will be closed on Monday, September 2.
We will resume normal hours on Tuesday, September 3.

For your convenience, you can bank 24/7 using

An ATM near you
Arvest Go Mobile App
Arvest Online Banking with BlueIQ™
24-Hour Account Info Line

 

Tags: Arvest, Holiday Hours
 

Arvest Equipment Finance Performance Lauded by MonitorDaily

Monday, August 19 at 09:00 AM
Category: Arvest News

Arvest Equipment Finance (AEF), a division of Arvest Bank, has been recognized once again by MonitorDaily, a leading publication of the equipment leasing and finance industry.

The publication recently released the 2019 Monitor 100, its annual ranking of the largest equipment finance/leasing companies in the United States. AEF climbed one spot to No. 83 after being ranked 84th last year. This is the fifth consecutive year AEF has been ranked on the list, and seventh time in the last eight years.

AEF ended 2018 with $310.1 million in loans and leases. That’s up 24.7 percent from 2017’s $248.6 million, according to MonitorDaily.

Additionally, AEF climbed from No. 89 to No. 82 in overall annual production. The move is largely the result of a 51.5 percent increase in new business volume, which went from $106.6 million in 2018 to $161.5 million in 2019.

“I am so proud of this team and what we have accomplished as a group,” AEF president Eric Bunnell said. “We strive for excellence every day in helping customers with their equipment finance needs, and our associates take a lot of pride in being recognized as one of the top equipment finance companies in the United States.

“As we continue to grow, we are expanding our calling efforts to new dealer relationships outside the Arvest footprint. We are in the early stages of developing these new relationships but we are excited about the future of AEF. Through June, we have closed $105 million, which is an increase of 41.5 percent from the same period in 2018.”

Tags: Arkansas, Arvest Equipment Finance

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