Arvest One Million Meals Campaign Reaches Halfway Point

Thursday, October 02 at 09:30 AM
Category: Arvest News

We're excited to announce our 1 Million Meals campaign has provided 640,792 meals to date! With your help we can reach one million meals by Nov. 1!

FAYETTEVILLE, Ark. — In early September, Arvest Bank announced the beginning of its fourth annual 1 Million Meals campaign, which challenges bank associates, customers and communities to fight hunger in the more than 120 communities the bank serves by providing at least one million meals to those in need. Today, the bank announced the campaign has exceeded 500,000 meals, or halfway to the goal of one million meals.

We are excited to announce that our 1 Million Meals initiative is right on track and has raised over 500,000 meals for those in need so far. We are grateful for the support and generosity we have received from our partners, customers and community, and we appreciate each donation that has been made. So many have worked hard to make this happen, and we’re looking forward to reaching our goal of one million meals raised within the next month.

Arvest branches throughout Arkansas, Missouri, Kansas and Oklahoma have been participating in this initiative by collecting nonperishable food items and monetary donations. These efforts will continue through Nov. 1 with the intention of reaching one million meals donated to the local communities Arvest serves just in time for the holidays.

Every dollar raised through 1 Million Meals provides the equivalent of five meals for local, hungry families.

For more information about 1 Million Meals, visit

Tags: 1 Million Meals, Arkansas, Kansas, Missouri, Oklahoma, Press Release

Friday Financial Forum Oct. 3 in Bartlesville, Okla.

Thursday, October 02 at 04:50 AM
Category: Arvest Community News
Join us Friday, Oct. 3, at 10 a.m. for our Friday Financial Forum. We’ll meet in the Friday Forum Room at Arvest's Eastside Branch located at 4225 Southeast Adams Rd., Bartlesville, Okla. Every Friday we invite customers like you to attend our one-hour Financial Forum.

What you can expect at the event:

  • News: "The Scoop" about businesses coming, going and expanding in Bartlesville (Amelya Wilmott, Arvest Bank)
  • Information: Community leaders share topical, local and state information (Sen. John Ford, Rep. Earl Sears and city councilman Mike McGrew)
  • Updates: Arvest provides current economy and stock market trends (Josh Randoph, Arvest Bank)
  • Hilarious Anecdotes: Jim Bohnsack, Arvest Bank

We look forward to having you join us! There is no need to RSVP; just join us if you can! If you have any questions about the event, please contact Amelya Wilmott at (918) 337-4358.

Tags: Bartlesville, Community Support, Oklahoma

How to Talk to Your Kids About Money

Wednesday, October 01 at 10:40 AM
Category: Personal Finance

How soon is too soon to talk to your kids or grandkids about money? If they are old enough to ask for a toy or a bike, then they are old enough to start learning financial lessons that will last a lifetime.

The best financial lessons are part of everyday experience. Look for opportunities to talk about money, read books aloud and play games that center around spending money wisely. Be open and honest when you discuss your financial experiences — good or bad.

Here are some examples of teachable moments to help you get started.

At the bank
When you go to the bank, bring your children with you and show them how transactions work. Get the manager to explain how the bank operates, how money generates interest and how an ATM works. Ask the manager for a tour.

On payday
Discuss how your pay is budgeted to pay for housing, food and clothing, and how a portion is saved for future expenses such as college tuition and retirement.

At the market
It’s easy to give clear examples of “needs” and “wants” using different kinds of foods at a grocery store. Milk (for strong bones) is a need; soft drinks are a want. Explain the benefits of comparison shopping, coupons and store brands.

Chores and allowances
Assign chores and give them a monetary value. Discuss ways to budget and divide allowances. Encourage children to set a financial goal, such as saving for a bike, and figure out how to achieve it.

Paying bills
Explain the many ways bills can be paid: over the phone, by paper check, by electronic check or through online bill payments. Discuss how each method of paying the bill takes money out of your account. Be sure to cover late penalties, emphasizing the importance of paying bills on time.

Using credit cards
Explain credit cards are a loan and need to be repaid. Share how each month a credit card statement comes in the mail with a bill. Go over the features of different types of cards, such as ATM, debit and credit cards.

Browsing the internet
While online, explain to your children how valuable their personal information and privacy is to you, to them and to online predators. Discuss the risks and benefits of sharing certain information. Then, as a family, make a list of rules for keeping personal information safe online.

Planning a vacation
Whether you are planning an outing to a local amusement park or a once-in-a-lifetime trip, emphasize the value of saving as a family. Set a family savings goal that involves your children. Figure out the cost and discuss ways everyone can help to reach the goal.

Financial Education Web Sites to Help Young People Learn About Money:

Always encourage your children to ask questions about money. If you don’t know the answer, research it together or ask your banker.

Article courtesy of the American Bankers Association.

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

Tags: Financial Education

Key Person Life Insurance

Wednesday, October 01 at 06:15 AM
Category: Business Banking

Many small businesses are highly dependent on the presence of a key employee or small group of employees for the ongoing operation of the business. It may be an owner, partner or some other important person. Protecting the business against the untimely death of that person with some type of life insurance policy can be wise. In fact, some lenders may require such an arrangement.

Ask yourself these questions. Your answers should help determine if you may need this type of protection.

  • What would happen if one of your key employees were to die?
  • Would your business cease to operate?
  • How would your operations change?
  • Is there another person to take the key employee’s place?
  • How much would it cost to hire another person to fill the void?

If answering those questions raises any red flags, you may want to consider buying some life insurance on that key employee. Having the funds available to help run the company until a replacement is found or another resolution is determined would provide you with valuable piece of mind. The best policy could be relatively inexpensive term life insurance. The business would be the policy owner, beneficiary and would pay the premiums. If the person dies, the company receives the death benefits and can then decide on a future course of action.

Using Life Insurance as Part of a Buy/Sell Agreement

Buy/sell agreements control what happens to an ownership interest in the event of the death or disability of one of the major owners of the business. The agreements can be structured so upon the death of an owner, the business buys back his interest or the remaining owner(s) buys the interest. In most cases, buy/sell agreements include some valuation guidelines for the business.

Many companies use life insurance as a means to fund these types of agreements. For instance, if the business is valued at $3 million and one owner has a one third stake in the business, the business may buy a $1 million term life policy. The proceeds could be used to buy the deceased owner's shares on his death. Another option would be for each owner to buy policies on the lives of the other owners. There are some special tax rules that apply to corporate ownership of life insurance policies. If you are considering this type of arrangement, be sure to seek qualified legal advice.

As you hope for the best and plan for the worst, you can provide yourself peace of mind when managing your business. 

The views of this article are for general information use only. Please contact and speak with a subject expert when specific advice is needed. Find articles like this and much more in the online Arvest Biz Center.

Tags: Arvest Biz, Business Banking, Insurance

Arvest Partners with Cotter School District for “Warriors for Hope”

Tuesday, September 30 at 05:25 AM
Category: Arvest Community News

The Cotter School District in Baxter County, Ark., will hold a spare change drive to benefit the Cotter Backpack Program and the Food Bank of North Central Arkansas. We're excited to have students help with our 1 Million Meals campaign!

YELLVILLE, Ark. — On Sept. 1, Arvest Bank announced the beginning of their 1 Million Meals initiative that challenges bank associates, customers and communities to participate in fundraising efforts and nonperishable food drives to fight hunger in the more than 120 communities the bank serves.

As part of the 1 Million Meals outreach in North Central Arkansas, Arvest has partnered with the Cotter School District. Students will be collecting spare change from Oct. 20 through Oct. 31 as a part of the school’s spare change drive “Warriors for Hope.” All donations raised by the students will go towards helping the Cotter Backpack Program and the Food Bank of North Central Arkansas fight hunger. Trena Spears with Modern Woodmen will also contribute $1,250 in matching funds to the change drive.

In addition to the change drive, Cotter schools will host a spare change collection night during the Oct. 28 basketball game versus Norfork. Any student who donates spare change will receive a “Warriors for Hope” bracelet.

“We are excited to work with Arvest Bank on their 1 Million Meals initiative,” said Don Sharp, Cotter School District superintendent. “‘Warriors for Hope’ is a great way to introduce our students to the importance of community service. By contributing spare change to the ‘Warriors for Hope’ change drive, our students are learning to give back and are also helping local, hungry families.”

First and second place classes in kindergarten through sixth grade will receive a cookout provided by Arvest, as will the first and second place classes seventh through twelfth grade.

For more information about 1 Million Meals, visit

Tags: 1 Million Meals, Arkansas, Charitable Giving, Community Support, North Central Arkansas, Press Release

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