Arvest Equipment Finance Promotion

Friday, July 19 at 09:00 AM
Category: Arvest News

 

Ready to purchase or upgrade your equipment? Now’s the time to get a great deal! Take advantage of a limited-time offer from Arvest with great rates such as 4.63 percent on new or used equipment, plus qualifying refinances. But hurry! This offer won’t last long.

Visit your nearest Arvest location today.
(866) 745-1487
Arvest.com/equipment

 


Disclosure: 
Promotional interest rates available for the purchase of new or used qualified business equipment. Poultry house equipment is excluded from this promotion. New purchase money loans or refinances new to Arvest only. Refinances or renewals of current Arvest loans do not qualify. Loans to Commercial borrowers only. A $397 processing fee will apply; additional filing fees may apply. Loans must be a minimum of $10,000 and up to a maximum of $200,000 to be eligible. Promotional interest rates and loan terms for qualified borrowers are as follows: (1) 4.25% fixed interest rate for a three year term; (2) 4.63% fixed interest rate for a four to five year term. Varying payment options available depending on equipment type and condition: monthly, quarterly, semi-annually, or annual. Offer valid for applications received from July 1st, 2019 – October 1st, 2019. All loans are subject to credit approval. Rates available at all Arvest locations. 

Tags: Arvest, Arvest Equipment Finance
 

Arvest Equipment Finance Announces Staff Additions

Thursday, May 16 at 08:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has hired Eric Johnston and Jay Bankston. Both will serve as vendor business development representatives for Arvest Equipment Finance (AEF), a division of the bank.

AEF division president Eric Bunnell said the additions are a result of continued growth and expansion within its vendor program. They also come on the heels of AEF closing more than $161 million in new production in 2018 – a record total and 52 percent increase over 2017.

Johnston most recently worked for Caterpillar Inc., and also previously worked as a territory manager for IronPlanet. Johnston earned a bachelor’s degree in forestry at the University of Wisconsin-Stevens Point and a master’s in international business and supply chain management at Western Illinois University.

Bankston most recently worked as a regional sales manager for BigIron Auctions. He also has worked for IronPlanet and Victor L. Phillips Co. Bankston earned a bachelor’s degree in agri-business at the University of Louisiana-Monroe.

“I am very excited to be able to add Eric and Jay, two knowledgeable and experienced sales reps to our AEF team,” Bunnell said. “Their expertise is evident, they know a lot of the equipment dealers in the areas where we do business, plus they are great team players that are excited to help us continue our growth and expansion. They will spend the majority of their time developing business with dealerships throughout the Midwest and Southeast.”

AEF also is pleased to announce the following staff additions related to the expansion of its vendor operations: Carrie Guire and Stacey Nichols, sales support specialists, and Mike Davis, asset manager. 

Tags: Arvest, Arvest Equipment Finance
 

Arvest Equipment Finance Sets Record for New Production

Tuesday, February 05 at 09:00 AM
Category: Arvest News

Arvest Equipment Finance (AEF) closed more than $161 million in new production in 2018, a record total for the division of Arvest Bank, it was announced today.

That represents a 52-percent increase in gross production year-over-year.

“I am proud of this team accomplishment and excited about our future growth,” AEF president Eric Bunnell said. “John Bradford, AEF sales manager, has done an excellent job leading the sales team in this record production. We continue to see strong support from the commercial lenders throughout the bank footprint and increase our presence in their markets.

“The vendor production also continues to grow as we expand our external sales team and work with more dealers to offer financing solutions for their customers.”

AEF also increased its total portfolio from $248.6 million to $310.1 million – a 24.7 percent jump – from 2017 to 2018.

Additionally, AEF announced a round of recent promotions for Matt Crawley, John Harders and Josh Smith. Crawley, a Certified Lease and Finance Professional (CLFP) was named division control manager after serving since 2011 as AEF’s asset manager. In his new role, he will oversee the compliance, controls and audits, among other responsibilities.

Harders, who has served as an AEF sales support specialist since 2009, was promoted to operations manager. Also a CLFP, Harders will manage AEF’s bank sales support specialists in his new role.

Smith was promoted from vendor sales support specialist to vendor program manager. As such, he will oversee AEF’s vendor operations while managing the vendor sales specialists and administrators. Smith has been with AEF since 2015 and also holds the CLFP designation.

“These three managers will help guide and lead our team to continued growth,” Bunnell said. “It is always satisfying when we can promote from within”

AEF is headquartered in Fort Smith, Ark., with locations in Little Rock, Kansas City and Tulsa, and does business throughout Arvest’s four-state footprint.

Tags: Arkansas, Arvest, Arvest Equipment Finance
 

Arvest Equipment Finance Rep Experiences Brinkley Auction

Wednesday, December 19 at 09:00 AM
Category: Arvest Community News

Arvest Equipment Finance (AEF) business development representative Katie Crawford attended what is touted as Oklahoma’s largest farm and ranch equipment auction recently. The monthly Brinkley Auctions have been held in Idabel – a new community Arvest is serving thanks to its acquisition of Bear State Bank – since 1974 and regularly generate sales of 350-500 tractors, among other types of machinery and trailers.

Founder-owner Larry Brinkley handles auctioneer duties, while his granddaughter, BreeAnn Brinkley Campbell, manages the auction events. The auctions draw a wide range of vendors and individuals.
Crawford has more than 12 years of financial services experience and joined AEF earlier this year after most recently working as a private banking advisor. Among her responsibilities in her current role is using her commercial lending experience to develop new vendor/dealer relationships throughout the AEF footprint. She is based out of the Arvest location at Village on the Creeks in Rogers.

“It was a pleasure to represent AEF at the Brinkley Auction this month,” Crawford said. “This community and the Brinley family, in particular, has embraced our team and we are grateful for that. Our goal is to become a trusted resource providing financial knowledge and solutions to this community.

“Going forward, our vendor relationships continue to be the cornerstone of growth for Arvest Equipment Finance.”

Tags: Arvest, Arvest Equipment Finance
 

Arvest Equipment Finance Again Recognized by MonitorDaily

Friday, August 24 at 09:00 AM
Category: Arvest News

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

The publication recently released the 2018 Monitor 100, its annual ranking of the largest equipment finance/leasing companies in the United States. AEF climbed one spot to No. 84 after being ranked 85th last year. This is the fourth consecutive year AEF has been ranked on the list, landing at No. 100 in 2014 and No. 93 in 2015.

AEF ended 2017 with $248.6 million in loans and leases. That’s up 5.9 percent from 2016’s $234.7 million, according to MonitorDaily.

“We continue to experience record growth in our overall production,” AEF president Eric Bunnell said. “Our team does a great job of working with the lenders in the bank markets to find equipment finance opportunities, as well as developing new vendor relationships.”

AEF, a division of Arvest Bank, also ranked 50th on MonitorDaily’s list of the top 50 bank-owned equipment finance companies in the U.S. This marks the second time AEF has appeared on the top 50 list, which focuses on the performance of banks actively engaged in the equipment finance industry, including net asset size, new business activity and market share, as well as other portfolio metrics, highlights and forecasts.

Additionally, AEF ranked 48th in production within the bank-owned segment, up two spots from last year.

“The AEF team is very committed and takes a lot of pride in these accomplishments,” Bunnell said. “Our associates are dedicated and work hard to exceed customers’ expectations, which makes AEF successful.”

Tags: Arvest Equipment Finance

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