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
 

Arvest Wealth Management’s Cross to Wrap Up Career in March

Wednesday, March 13 at 02:00 PM
Category: Arvest News

Arvest Bank will celebrate the career of Jim Cross on March 29.

Cross, a senior client advisor for Arvest Wealth Management in Bentonville, has worked at Arvest for 30 years.

Jim Cross has had an incredible career at Arvest, and for many, it will be hard to think about Arvest Bank in Bentonville without Jim as an advisor there,” Arvest Wealth Management president and CEO Jim King said. “Jim has seen Arvest grow and change through his many years of service, and has contributed to that growth in so many ways.

“But most importantly, for more than 30 years, Jim has helped so many customers achieve their financial goals with his personal passion and diligence. Jim has meant so much to Arvest, and we wish him all the best in his retirement.”

A reception to honor Cross will be held from 2-4 p.m. on Friday, March 29, at the Bentonville Conference Center.

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 Wealth Management, Associates, Bentonville
 

Arvest Receives Multiple ‘Best of’ Honors in Annual CitiScapes Poll

Wednesday, December 12 at 08:00 AM
Category: Arvest News

CitiScapes Magazine touts its annual “Best of Northwest Arkansas” feature – released each December – as one of its most-anticipated traditions.

Likewise, we here at Arvest Bank are always eager to check out the results of the lifestyle publication’s ever-popular readers poll. This year was no different, and Arvest is proud to have received multiple honors from the readers of CitiScapes.

In addition to being selected as one of five financial institutions in the “Best Bank” category, Arvest also received the following honors:

  • Arvest Wealth Management, “Best Investment Firm”
  • Arvest Bank – Mortgage Division, “Best Mortgage Services”

Additionally, WACO Title Company, an Arvest affiliate, was chosen “Best Title/Abstract Company.”

Arvest sincerely thanks those who voted in the poll, and thanks CitiScapes for celebrating so many of the people, places and companies that make Northwest Arkansas one of the best places to live, work and play.

Tags: Arkansas, Arvest, Arvest Wealth Management, Mortgage, Northwest Arkansas
 

Arvest Bank Completes Bear State Bank Conversion

Tuesday, September 25 at 09:00 AM
Category: Arvest News

Total Assets Now at Approximately $18.76 Billion

FAYETTEVILLE, Ark. (Sept. 25, 2018) – Arvest Bank is pleased to announce that it completed Monday the transition and conversion process of Bear State Bank customers, branches and systems.

Arvest entered an agreement to acquire Bear State Financial, Inc. – the parent company of Bear State Bank – in August 2017. The cash transaction valued at approximately $391 million brought Arvest’s total assets to approximately $18.76 billion, and total number of branches in Arkansas, Kansas, Missouri and Oklahoma to more than 270. Arvest entered 15 new communities – and added 20 branches – in Arkansas, Missouri and Oklahoma via the acquisition.

“We couldn’t be more excited to welcome our new customers,” Arvest president and CEO Kevin Sabin said. “We believe they will feel right at home with Arvest, and we look forward to getting to know them and our new communities even better. This has been a long process, but as we’ve said from the beginning, the customer-first approaches of both Arvest and Bear State have made this a natural fit.”

In addition to a significantly larger branch network, former Bear State customers also will benefit from an expanded portfolio of financial products, services and solutions – such as wealth management services, robust mortgage programs, agri banking and equipment financing – now available to them. Many of these benefits are available not just in bank branches, but via Arvest’s online and mobile banking platforms.

About Arvest

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. 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
 

Arvest Wealth Management Announces Webster Hiring

Friday, May 25 at 02:00 PM
Category: Arvest News


Arvest Bank is pleased to announce it has hired Joni Webster as an Arvest Wealth Management senior vice president and trust officer.

Webster has 22 years of trust and estate planning experience, and in addition to being a Certified Trust Financial Advisor and Certified Private Wealth Advisor, holds a STEP Certificate in International Trust Management. She is replacing Sherry McBride, who will retire at the end of June.

As a trust officer, Webster is responsible for fiduciary account administration of personal trusts, estates, investment accounts and IRAs, among other duties. She will be based out of the Arvest Branch located at 70 Sugar Creek Center.

Webster earned a bachelor’s degree in history and political science at Arkansas Tech.

Tags: Arvest Wealth Management

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