A Talent That Provides Treasures

Friday, June 24 at 06:45 AM
Category: Arvest Community News

Darlene Babcock, Commercial Loan Assistant in Greater Kansas City, has an amazing talent! Her hobby is knitting and crocheting and she makes items to donate. 

Darlene has been donating adult hats to KU Medical Center for cancer patients with a special prayer tied to each one. She also donates newborn and preemie hats to Children’s Mercy Kansas City. 
 
“Recently I’ve gotten involved with a group that crochets/knits for dementia patients in nursing care facilities,” Darlene said.

“These items are called ‘twiddle muffs’ or ‘sensory mitts’. They aren’t made to be pretty, but instead made to calm by keeping hands busy with fidgeting various items. It provides stimulation for these specific patients who are restless or agitated.” 
 
Darlene also makes baby blankets, dish cloths, coasters, baskets and scrubbers. 
 
“I really enjoy my hobby, and I’m always looking for ideas for my next project,” she said. “You might find me cruising the aisles at the yarn store brainstorming of what I will do next!”
 
What an incredible way to use a talent to give back to the community!  
 
Tags: Associates, Community Support, Kansas City
 

Prices, Inventory Make Home Equity Borrowing an Appealing Option

Thursday, June 23 at 09:10 AM
Category: Personal Finance

The combination of low inventory and rising prices in the residential housing market is spurring an increase in homeowners utilizing the equity in their existing homes rather than purchasing new ones.

According to the National Association of Realtors, there was 4.7 months of housing inventory for sale in the U.S. in April, meaning it would take that amount of time for every house on the market to sell at the current pace of sales. A market is generally considered balanced when there’s five or six months of inventory.

The low inventory has resulted in increasing prices for many homes on the market. According to David Blitzer, chairman of the Index Committee for Standard & Poor, U.S. home prices in April were up 5.3 percent over the previous 12 months, more than twice the rate of inflation.

These developments have caused a growing number of homeowners to upgrade in a different manner, such as remodeling or making other home improvements. To do so, many homeowners are using tools like a Home Equity Line of Credit (HELOC).

A HELOC essentially is a home loan that allows the homeowner to borrow against the equity in their home, using their home as collateral. Home improvement is the No. 1 reason homeowners pursue a HELOC, although they are used for other reasons such as funding major purchases or expenses.

With mortgage rates expected to rise in the coming years, a HELOC can be an increasingly attractive reason to not buy a new home. The Mortgage Bankers Association’s May 10 prediction is that rates on 30-year fixed-rate mortgages will rise to an average of 4.5 percent in 2017 and 5.2 percent in 2018.

In today’s housing market, the definition of “new” is left in the eyes of the homeowner, and investing in and updating an existing home is a viable option as the inventory of “move up” homes remains tight.
 
Tags: Financial Education, Home Loans
 

Grand Opening for Belton, Mo. Branch

Wednesday, June 22 at 06:45 AM
Category: Arvest Community News
Arvest held a grand opening in Belton, Mo., on Monday, June 13. The fun-filled day started with a Belton Chamber ribbon cutting and breakfast goodies and concluded with a cookout complete with an Arvy appearance! 

Mayor Jeff Davis opened with remarks on the growth of the Belton community and a warm welcome to Arvest. Jay Leipzig, Director of Community and Economic Development, presented Stacey Dahlman, Arvest Belton Branch Sales Manager, with a certificate of appreciation. The Belton Chamber presented Dahlman with a ribbon cutting certificate and Barbara Christ, Arvest Sales Manager, closed with the story of Arvest history and our commitment to the communities we serve.

“It was great to see so many community members, elected officials and community partners in attendance,” said Jen Fulton, Arvest Branch Administrator. “We are thrilled to be part of the Belton community and are looking forward to serving the community and citizens of the Belton area,” she said. 
 
Arvest will continue to enhance the excitement of our new location in the Belton community. Two upcoming events include a local author book signing at the end of June and a World Series trophy event at the end of July.   

Tags: Arvest Growth, Missouri
 

More than 1.7 Million Meals Raised for Local Hungry

Tuesday, June 21 at 09:00 AM
Category: Arvest News

Thank you* for helping us beat our goal of raising one million meals to feed the hungry in our communities! We couldn't have done it without you!

FAYETTEVILLE, Ark. — Two months ago, Arvest Bank launched its annual 1 Million Meals initiative to fight hunger in the four-state region the bank serves. The bank announced today that, with the help of customers and community members, it has exceeded the campaign goal by raising a total of 1,712,601 meals in the fight against hunger.

Launched in 2011, Arvest’s 1 Million Meals campaigns have raised a six-year total of 9,604,185 meals, which includes more than $1.6 million in funds given directly to the bank’s more than 60 local food partners.

This year’s campaign total of 1,712,601 meals was made possible through donations from the bank, Arvest associates, customers and community members through fundraisers, events and nonperishable food drives in all Arvest branches throughout April and May. With summer here, the success of the campaign is especially meaningful because many schoolchildren will be without the meals they ordinarily receive at school.

The bank’s decision to provide one million meals was based on the fact hunger is an issue in every community it serves. In 2014, the Food Research & Action Center reported that 17 percent of American households surveyed reported food hardship, or not having adequate funds to provide enough food for their family.

*Link goes to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: 1 Million Meals, Arkansas, Charitable Giving, Community Support, Kansas, Missouri, Oklahoma, Press Release
 

Friday Financial Forum June 24 in Bartlesville, Okla.

Tuesday, June 21 at 05:05 AM
Category: Arvest Community News

Join us Friday, June 24 at 10 a.m. for our Friday Financial Forum. We will meet at the Friday Forum Room at Arvest's East Side Branch, located at 4225 S.E. Adams Rd. in Bartlesville, Okla.*

This week’s featured speaker will be Clay Nickel, CPM® Vice President, Portfolio Manager and Director of Investment Strategy and an integral member of AWM’s portfolio management team and overall money management effort. 

As Director of Investment Strategy, Clay is responsible for the development and oversight of the Investment Management Group (IMG) product line and serves as the main spokesman for IMG and the AWM portfolio management team with customers, prospects and advisors. Prior to joining Arvest in 2010, Clay was a portfolio manager for a $4 billion community bank in the Midwest and managed a $300 million investment portfolio for high net worth individuals and institutions. 

What you can expect at the event:
  • Information: Community leaders share topical, local and state information (Sen. John Ford, Rep. Earl Sears & Rep. Travis Dunlap)
  • News: "The Scoop" – all about business and community happenings in Bartlesville (Billie Roane, Arvest Bank)
  • Hilarious Anecdotes: Jim Bohnsack, Arvest Bank

Each week is different with a few surprises! Invite a friend and come enjoy delicious homemade cookies and hear about what’s going on in the Bartlesville area. If you have any questions or would like to add someone to the email invitation list, please contact Billie Roane at (918) 337-4358. We look forward to seeing you there!

Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.
 

Tags: Bartlesville, Community Support, Oklahoma

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