Branch Hours Due to Inclement Weather (**As of 2/28 at 1:30 p.m.)

Friday, February 27 at 02:00 PM
Category: Arvest News

Due to inclement weather in some communities, the following branches will have revised hours on Saturday, Feb. 28.


  • Bentonville (branch inside Wal-Mart): Close 1 p.m.
  • Berryville (branch inside Wal-Mart): Close 1 p.m.
  • Rogers (branches inside Wal-Mart): Close 1 p.m.


  • Carthage (branch inside Wal-Mart): Close 2 p.m.
  • Jane (branch inside Wal-Mart): Close 1 p.m.
  • Joplin (branches inside Wal-Mart): Close 2 p.m.
  • Neosho (branch inside Wal-Mart): Close 2 p.m.
  • Nixa (branch inside Wal-Mart): Close 2 p.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

Harriman Joins Private Banking in Springdale, Ark.

Friday, February 27 at 11:05 AM
Category: Arvest Community News

Randall Harriman, a native of Springdale, Ark., is bringing 14 years of banking experience to his new role as Private Banking Advisor.

SPRINGDALE, Ark. — Arvest Bank is pleased to announce that Randall Harriman has been named Private Banking Advisor in Springdale.

Harriman has more than 14 years of experience in banking and lending, most recently as an assistant vice president, lender and security manager for First Security Bank. He has worked at various local banks as a branch manager, consumer lender and commercial lender.  

“Randall brings to our team the experience and knowledge needed to work with our private banking clients on their complex financial needs,” said Mary Pedersen, Private Banking Manager for Arvest Bank. “We are excited to add Randall as a valuable addition to our private banking team in Springdale.”

A native of Springdale, Harriman graduated from Springdale High School and earned his Bachelor of Science in education from the University of Arkansas at Fayetteville.

Harriman serves on the Board of Directors of the Arts Center of the Ozarks. 

He and his wife, Lindsay Harriman, have 7-year-old twins, daughter Reese and son Eli. The family attends Johnson Church of Christ, where Harriman serves as a deacon.

Tags: Arkansas, Associates, Press Release, Springdale

Friday Financial Forum Feb. 27 in Bartlesville, Okla.

Thursday, February 26 at 05:50 AM
Category: Arvest Community News

Join us Friday, Feb. 27, 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 S.E. Adams Rd., Bartlesville, Okla. Every Friday we invite customers like you to attend our one-hour Financial Forum. Each week is different with a few surprises!

This week's featured speaker will be Kary Cox, director of Washington County Emergency Management (WCEM). Washington County Emergency Management is dedicated to minimizing the effects of disasters upon the people of the community.

The professional and volunteer staff are trained to respond to a wide variety of technological and natural disasters. Hazard mitigation is an important part of group activities and includes the identification and elimination of possible long-term hazards. Another function of the group is the coordination of local, state, and federal response to a disaster event. WCEM is responsible for the Emergency Operation Center (EOC) and for the coordination of disaster emergency response. WCEM personnel are trained in a wide variety of skills including disaster preparedness, disaster team organization, search/rescue, emergency medical, basic fire fighting, traffic control, weather spotting and damage assessment.

With spring storm season just around the corner, you will want to hear the valuable information that will be presented by Director Kary Cox.

What you can expect at the event:

  • Information: Community leaders share topical, local and state information 
  • Updates: Arvest provides sourced information for current economic and stock market trends (Josh Randolph/Sonya Reed, Arvest Bank)
  • News: "The Scoop" about businesses coming, going and expanding in Bartlesville (Billie Roane, Arvest Bank)
  • Humorous Anecdotes: Jim Bohnsack, Arvest Bank

If you have any questions about the event, please contact Billie Roane at (918) 337-4358. We look forward to seeing you there!

Tags: Bartlesville, Community Support, Oklahoma

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

Thursday, February 26 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

5 Tips to Hack Your Small Business Credit Score

Wednesday, February 25 at 08:05 AM
Category: Business Banking

Article authored by Jared Hecht, courtesy of Visa and Inc.*

It's a fact – financing is essential for starting and running a small business. Unless you're independently wealthy or your company's vision doesn't extend beyond a limited, home-run operation, most businesses will at some point require capital. And when you seek small business financing, one of the first inquiries any lender will make involves your credit score.

Maintaining a solid credit rating, both for yourself personally and for your business, is essential for obtaining financing. But a lot of business owners assume their credit rating is completely out of their hands. These owners would be surprised to hear just how much they can do to improve their credit, and as a result their likelihood of being approved for funding by banks and other small business lenders.

If you're struggling to find business financing due to a less than stellar credit score, here are a few tips to help you get back on track.

1. Regularly monitor both your personal and business credit reports

Most people know the importance of monitoring their personal credit report for erroneous information. But if you're a small business owner with an established Employer Identification Number (EIN), did you know that your business also has a credit score? It's essential that you continuously monitor both of these credit reports for false claims, which can have dramatic impact on your ability to secure financing.

If you're having trouble getting approved for a small business loan and aren't sure why, take the time to dig into all of your available credit reports – business and personal – to check for false information. Experian and Equifax are well-known reporting agencies that will track both your personal and business credit. Dunn & Bradstreet is another agency that specifically generates business credit reports.

2. Always pay on time

The most important thing you can do to keep both credit scores in good standing is to always, always make payments on time – both in your personal finances and for your business. Payment history is the single largest determining factor of your overall credit rating, making up 35 percent of your score.* This is particularly important for new businesses since the shorter your credit history, the greater the impact of even one single late payment can be. There's just no getting around this one – you have to pay your bills on time, every time.

3. Avoid using your personal credit for business

Because the information given to credit bureaus to establish business credit is sent voluntarily, establishing credit for your small business can be tricky. Lenders and other businesses aren't required to report your payment history or any other information, so establishing good business credit can take a long time. Making sure that all your accounts are categorized correctly as for personal or business use is one way to help establish your company's credit.

As you seek to establish your business credit rating, make sure that you're using your Employee Identification Number (EIN) and not your social security number to open your business accounts. Although the lender or credit card company might check your personal credit history in order to open a new account, business accounts should always be established under the business' name and tax identification. Otherwise your activity on these accounts – on-time payments and appropriate utilization, for example, won't help to improve your business credit rating.

4. Reduce credit utilization

After payment history, the next largest determining factor of your FICO credit rating is "amounts owed" or credit utilization – with a 30 percent impact on your overall score. This number is impacted by the percentage of available credit your business has outstanding at any given time. Ideally, you should try to keep that number as low as possible, close to 30 percent. For example, if the combined credit limits for your business accounts is $100,000, you should aim to carry a maximum total balance of $30,000 at any given time. One way to keep your outstanding balances low is to make multiple payments per month, instead of waiting until you've reached the end of the month or are close to your credit limit before paying off an account.

5. Increase your credit limit

If you're unable to reduce your company's need for credit, getting your credit limit increased is another way to minimize the appearance of overall utilization. In this case, instead of reducing the slice of your metaphorical credit limit pie being used, you're simply making the pie bigger. You can increase your credit limit either by opening additional lines of credit or requesting a higher credit limit on your current accounts.

But if you do decide to try this path, it's important to exercise caution. Credit card companies will usually perform a "hard credit inquiry" as part of the process, and each hard credit inquiry can negatively impact your overall credit score. Also avoid opening multiple new credit accounts at once, which can give the appearance of desperation from a sinking business.

Unfortunately, there's no single quick fix to improve your personal or business credit rating. Your credit score is ultimately measuring your likelihood of making on-time payments and fulfilling the obligations of a loan. So although you do have some control over establishing good credit and ensuring the accuracy of your various reports, your most important job is simply to be a good borrower.

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

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