Small Business Luncheon in Kansas City Area March 27

Wednesday, March 04 at 04:35 AM
Category: Arvest Community News

Arvest Small Business Banking and Central Exchange* are collaborating to offer educational opportunities to the small business community in Greater Kansas City. The first small business educational session titled, “Maximizing Profits by Minimizing Taxes: Small Business Tax Deduction Strategies,” will be held March 27, 11:30 a.m. - 1 p.m. 

The featured speaker will be Scott Hipp, CPA, CFP and President of C-JAXN Tax and Accounting Services.* Hipp is a Certified Financial Planner, Certified Public Accountant and holds his Series 7 license. This class is being offered at no charge to participants, and participants can enroll online.* The luncheon lecture will be held at the Central Exchange South location at 6201 College Blvd. in Overland Park, Kan.
 
Last year Arvest Small Business Banking held four classes at Central Exchange providing guidance and education for small businesses ranging from startup phase all the way to those at maturity and planning their exit strategy. Community partners – including CPAs, CEOs, published authors, networking professionals and business brokers – shared their skills and knowledge to provide support to the growing business community.  
 
At Arvest we believe supporting the small business community by providing education is a priority and makes our communities stronger. In addition, Arvest Small Business Banking has provided education in combination with the Kansas Small Business Development Center (SBDC), the Missouri Small Business and Technology Center (SBTDC) and Kauffman FastTrac. 
 
Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution. 

 
Tags: Arvest Biz, Business Banking, Kansas City
 

Branch Hours Due to Inclement Weather (**As of 3/3 at 11 a.m.)

Tuesday, March 03 at 11:00 AM
Category: Arvest News

Due to inclement weather in some communities, the following branches will have revised hours on Wednesday, March 4:

Arkansas

  • Bull Shoals: Open 9 a.m.
  • Flippin: Open 9 a.m.
  • Harrison: Open 9 a.m.
  • Lead Hill: Open 9 a.m.
  • Mountain Home: Open 9 a.m.
  • Yellville: Open 9 a.m.

Missouri

  • West Plains: Open 9 a.m.

We will update this blog as more information becomes available. We apologize for the inconvenience.

For your convenience you can bank 24 hours a day, 7 days a week using:

Tags: Hours, Weather Closings
 

Kennedy Named Commercial Banker in Springdale, Ark.

Tuesday, March 03 at 06:10 AM
Category: Arvest Community News

We're excited to see Andrea Kennedy grow her career with Arvest as she takes on her new role as Commercial Banker in Springdale, Ark.

SPRINGDALE, Ark. — Arvest Bank is pleased to announce that Andrea Kennedy has been named a Commercial Banker in Springdale.

Kennedy is a vice president with more than 12 years of experience with Arvest, most recently as a private banking advisor.

“Andrea’s extensive experience both with Springdale and with the private banking customers here make her especially skilled for her new position,” said Richard Winesburg, commercial loan manager for Arvest Bank in Springdale. “Her professionalism and focus on customer service are a credit to Arvest and a benefit to our customers.”

A native of Springdale, Kennedy graduated from Springdale High School and attended the University of Arkansas at Fayetteville. She holds an Arkansas Insurance license, Series 7 Securities license and Series 66 license.

Kennedy is a member of the Springdale Rotary Club and volunteers with Partners in Education.  

She and her husband, Keith Kennedy, live in Springdale with their three children, Lexy, Allie and Carter. 

Tags: Arkansas, Associates, Press Release, Springdale
 

Preparing Your Finances for the Addition of a Child

Monday, March 02 at 10:20 AM
Category: Personal Finance

Having a baby is exciting, but then the reality of cost sneaks up on you. All of a sudden this wonderful, joyful life event becomes as scary as the monster under your bed. As with any intimidating endeavor, the best way to overcome your fear is to be prepared. Exploring your needs, options, and budget will help prepare your finances and let you go back to enjoying your new addition. Here are a few specific ways to prepare your finances for your growing household:

  • Health Care Cost – Doctor and hospital costs by far can be the scariest expense. Open communication with your health care providers and insurance company is a great way to manage this area. At the first prenatal visit, have a meeting with your doctor’s financial coordinator, and ask for a breakdown of cost based on your insurance coverage. Be sure to ask about installment payments options and when the costs will be billed. Take the same measures with the facility at which you plan to deliver. Next, have your insurance provider review the cost analysis to confirm coverage and patient responsibility. Tip: While you have your insurance coordinator on the phone, don’t forget to ask about coverage for breastfeeding classes and even a pump. Finally, to supplement your insurance and help with your part of the bill, check into a health savings plan or medical reimbursement account. With a proactive approach, you may be able to have your health care costs paid for before your little one arrives. 
  • Child Care – Many who return back to work are faced with the hard decision of choosing a child care facility. Staying ahead of the game in this area can really save money and help get your tot into your preferred daycare. It is never too early to investigate options and schedule tours.  Be sure to ask about initiation, monthly and annual costs. Determine if there are supply costs or benefits. For example, some child care facilities provide formula but may require a minimum diaper contribution from each parent. Daycare costs can be overwhelming to say the least, but it can be manageable through budgeting in advance. Check with your employer about child care cafeteria plans or start a savings account designated for this expense.
  • Family Leave – Every new parent looks forward to taking off to enjoy their new addition. How much time you take may depend on how you budget. Determine your employer’s leave, vacation and short-term disability policies. Calculate how much income will be lost for the time you wish to take off. Review your current savings for sufficient cash flow coverage of the income change. If your current savings may fall short, determine how much you need to start saving each pay period now to beef up your reserves. Finally, don’t forget to take stock of your current monthly obligations to see what can be consolidated or reduced before and during leave. 

These are just a few major areas to consider when preparing your finances for baby. Other financial matters to consider are creating a will, obtaining life insurance for your bundle of joy, and adding beneficiaries to life insurance and retirement accounts. This would be a great time to call your local banker or financial advisor to schedule a financial review. A proactive approach to financial preparation can help you flood light on the big, bad cost monster and go back to having sweet baby dreams. Good luck!

Tags: Budgeting, Financial Education
 

Plaisance Assumes CEO Role at Arvest Mortgage Co. and Central Mortgage Co.

Monday, March 02 at 05:05 AM
Category: Arvest News

Steven Plaisance joined Arvest as a part-time teller in 1989, and over the years has taken on new responsibilities and become an integral part of the Arvest family. We're excited to see him grow into his new role as CEO of Arvest Mortgage Co. and Central Mortgage Co. 

LOWELL, Ark. – Steven Plaisance has taken over the role of CEO for both Arvest Mortgage Co. and Central Mortgage Co., a wholly owned subsidiary of Arvest Bank, it was announced today.

Plaisance became President and COO for Arvest Mortgage Co. (AMC) and Central Mortgage Company (CMC) in March 2012, and will retain the role of president for both.

Plaisance began his career with Arvest as a part-time teller in Rogers, Ark., in 1989. He joined AMC in 1991 and has held a variety of leadership positions since 1996. Plaisance is an active member of the Mortgage Bankers Association, a national group that represents the entire real estate finance industry, and other industry associations. He is a two-time president of the Oklahoma Mortgage Bankers Association.

AMC and CMC, which have locations in Arkansas and Oklahoma, regularly originate $1 billion-plus in mortgage loans annually, and currently service a combined $38 billion in mortgage loans.


“I am excited about the opportunity to lead our talented mortgage team into the future,” said Plaisance, who will report to Arvest Bank COO Phil Porter. “Arvest is dedicated to serving mortgage customers through originations and servicing, and I look forward to continuing the many good things we have done in these areas.”

Plaisance earned a bachelor’s degree in business administration from the University of Arkansas. He’s also a 1998 graduate of the Mortgage Bankers Association Future Leaders Program. He and his wife, Katy, live in Tulsa and have three sons.

Tags: Arkansas, Associates, Oklahoma, Press Release

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