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
 

Russellville Choir Boosters Receive Arvest Foundation Grant

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

The Russellville High School Choir will be able to perform at Carnegie Hall in New York City thanks to a $5,000 donation from the Arvest Foundation.

The gift was announced today at the Russellville High School in Russellville. Shawn Bates, community bank president of Arvest Bank was on hand to present the check to Matthew Foy, choral director at Russellville High School, and Mark Gotcher, superintendent of the Russellville School District.

The Arvest Foundation donation to the Russellville Choir Boosters will help the students with the costs associated with this once-in-a-lifetime opportunity of performing at Carnegie Hall in New York City.

 “The $5,000 donation from the Arvest Foundation will help make students' dreams of performing at Carnegie Hall become reality,” Foy said. “With this generous donation, we will be able to provide the students with some meals and transportation while in New York City. This is truly a once-in-a-lifetime opportunity for our students and I would like to thank Arvest for helping this dream come to fruition.”

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Russellville Choir Boosters and the Russellville School District who have dedicated their time to providing and improving the lives of our students in the Russellville area,” Bates said. “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to our local community and support to the education of our students.”

Tags: Arkansas, Arvest
 

Arvest Bank Welcomes Two New Board Members in Springdale

Tuesday, March 12 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Patricia Montague and Scott Spradley have joined its Springdale board of directors.

Montague serves as senior vice president and administrator for Arkansas Children’s Northwest and has more than 30 years of experience in executive leadership in patient care delivery and pediatric nursing practice. She earned bachelor’s degree in nursing at Loretto Heights College in Denver, and a master’s degree in nursing administration at the University of Colorado Health Sciences Center.

“We are excited to announce that Patricia has joined our board,” said Kent Williamson, president for Arvest in Springdale. “She has been very instrumental in the opening of the new children’s hospital, which has been such a blessing to Springdale and the surrounding communities. We are so fortunate to have Trisha on our team. The medical community in Northwest Arkansas is ever-growing, and having Trisha’s expertise will bring a wealth of knowledge to our board of directors.”

Spradley is executive vice president & chief technology officer at Tyson Foods. He is responsible for establishing and driving strategies across all of Tyson’s technology platforms, information systems delivery, information security, and data and analytics. He has been named as one of ComputerWorld’s Top 100 Technology leaders and as CIO Magazine’s list of the Top 100 CIOs.

Spradley earned a bachelor’s degree at San Diego State University. 

“We have had our eye on Scott for some time,” Williamson said. “Technology is changing very rapidly, so adding Scott’s knowledge and unique skillset to our board could not come at a better time. We feel privileged to have him join our team and believe he will be a tremendous addition to our current board of directors.”

Tags: Arkansas, Arvest
 

Arvest Bank Announces Gray Hiring

Friday, March 08 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has hired Magan Gray as an associate mortgage in Little Rock.

Gray will be based out of the Arvest branch located at 440 W. Markham in Little Rock, and work closely with the mortgage loan manager Eric Cullum in the generation, evaluation, approval, processing, closing and servicing of real estate loans.

“We are thrilled to add Magan to our mortgage team,” said Cullum, who serves as mortgage loan manager for Arvest in central, northeast and southwest Arkansas. “Her knowledge and expertise will make our team stronger, but more importantly, be a tremendous asset for our customers.”

Gray and her husband, Charles, live in Cabot.

Tags: Arkansas, Arvest, Little Rock
 

NWA Home and Outdoor Living Expo

Thursday, March 07 at 01:00 PM
Category: Arvest Community News

Each year, the warmer temperatures and longer days bring a renewed excitement as it relates to home improvement plans.  Our home is in a constant state of evolution, whether it was recently constructed or a century old with tons of character.  The NWA Home and Outdoor Living Expo, March 15-17, 2019 at the John Q Hammons Convention Center is an opportunity to experience the latest trends in home improvement.  With 100 different businesses represented, you’d be hard pressed to find a category not represented.  This is your opportunity to meet and visit with reputable businesses in virtually every category related to home and outdoor living. 

Whether your project is large or small, you’ll find something at the show to help you improve your home.  Plus, with regional exhibitors, you will find new ideas and options never before seen in Northwest Arkansas.  This is the show that everyone has been talking about since it debuted last year in Rogers. 

Make plans to attend, Friday, Saturday or Sunday, March 15-17, 2019.  Your paid admission allows you to run home and measure or “sleep on it” and return the next day at no additional cost.  Adults admission is only $6, Seniors $4, and children under 10 are free.

The NWA Home and Outdoor Living Expo is sponsored by Burton Pools and Spas, and Arvest Bank, Member FDIC.

Tags: Arkansas, Arvest

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