When Does the Travel Bug Bite?

Thursday, August 25 at 10:25 AM
Category: Personal Finance

When does the travel bug bite you? It has become the American standard to cram vacations into the summer season when the kids are out of school and the sun beckons. Not everyone agrees. There’s another smaller portion of our population that considers travel enticing in the fall. 

Summer crowds have thinned and the formerly blazing summer temperatures have dropped a bit. Some go into the great outdoors in weather conditions perfect for adventure. Others appreciate the quiet roads and now-attainable restaurant and hotel reservations as the tourist hustle and bustle dwindles. Search your favorite online travel reservation site, and you may be surprised to see offers for amazing packages and discounts at this off-peak time of the year. 

How can businesses afford to offer these deals? With the close of summer vacation season since school is in session for the year, families can’t travel. People are also saving up for the holidays and don’t want to allocate any disposable income towards a vacation. This is an opportune time for people to get away from it all; there’s less demand and more availability. 

Destinations that are primarily leisure getaway locales like the Caribbean are very sensitive to these low seasons. They look to this time to market their accommodations and experiences to those who would otherwise look away. By giving you incredible deals and unique experiences at a time when their establishments would be empty otherwise, their goal is to convert you into a loyal, repeat customer. 
Frances Liu, who specialized in luxury vacation offerings for a major U.S. airline, said, “Don’t look just at price; consider the quality of the services and caliber of the establishment to get the most for your money. You could be upgraded to a suite or nicer room, gifted a travel credit, or offered restaurant discounts and vouchers.” 
Sometimes all you have to do is ask! They want you to have that magical vacation experience so you will come back. It’s a win-win for everyone.

Before you pack your bags, make sure your wallet is ready too. Look into the travel benefits of your credit card as they vary from each provider and can include coverage such as worldwide acceptance of your payment method, travel and emergency services, auto rental insurance at no additional cost, and generous automatic travel accident insurance. 

Avoid payment issues by letting your bank and credit card agencies know you are traveling. Many offer the convenience of a virtual travel alert form within your online account to easily check that off your to-do list. For example, Arvest Flex Rewards™ credit card offers an online card manager site with your own unique login created when you open the account. This allows you to safely and instantly track your charges, schedule bill pay, and now let your bank know when you are traveling with the quick functionality of a simple virtual form. 

If you don’t have a credit card that gives you these types of benefits and more, check out Arvest Flex Rewards™ credit cards where new credit card accounts created by Sept. 30, 2016, can earn up to $50 in rewards bonus points** and additional rewards points on every purchase to redeem for cash back, statement credits, booking travel and shopping. Be sure to tell your friends at Arvest about the vacation deals you find! Happy hunting!
**Open a new Arvest Personal Credit Card to qualify for the one-time bonus of up to $50 after spending $2,000 on eligible purchases within the first (3) months of account opening. $50 bonus is awarded as 5,000 rewards points in the Arvest Flex Rewards™ program. Arvest Flex Rewards™ is a program where you can earn one point for every $1 you spend using your Arvest Credit Card. The 5,000 bonus points will be awarded in installments through a tiered payout model. Make $1,000 in purchases and earn 2,500 bonus points; make an additional $1,000 in purchases and earn an additional 2,500 bonus points. Eligible purchases can be made by the primary cardholder or any additional cardholders on a single Card Account. Limit one 5,000 points bonus per Card Account. Eligible purchases do NOT include fees or interest charges, balance transfers, cash advances, convenience check transactions, purchases of traveler’s checks, purchases or reloading of prepaid cards or purchases of other cash equivalents. Bonus points will be applied to your account within three billing cycles after your qualifying purchase. To be eligible for either bonus offer, the Card Account must be open and not in default as of the date the bonus points are applied. Bonus offers are subject to credit approval. For complete details, ask an Arvest associate or go to arvest.com/dreams. Offer valid from August 1 through September 30, 2016.

Tags: Credit Cards

Arvest Equipment Finance Among Monitor 100

Wednesday, August 24 at 07:15 AM
Category: Arvest News

Industry publication recognizes Arvest Equipment Finance's growth.

LOWELL, Ark. — Arvest Equipment Finance (AEF) once again has received recognition from MonitorDaily, a leading publication of the equipment leasing and finance industry.

The publication recently released its 25th anniversary issue of the Monitor 100, which includes a ranking of the largest equipment finance/leasing companies in the U.S. Ranked No. 100 in 2014, AEF climbed to No. 93 in 2015.

AEF, a division of Arvest Bank, ended 2015 with $187.6 million in loans and leases. That was up 28 percent from 2014’s $146.4 million, according to MonitorDaily.

“We experienced substantial growth last year, largely due to growth within Arvest Bank,” AEF Sales Manager Eric Bunnell said. “Our team is diligently engaged with the commercial lenders within our four-state footprint to ensure our customers receive the best possible financial solution to fit their needs.”

Additionally, AEF was recognized for its percentage growth in new business volume. AEF grew that segment 99.8 percent in 2015, the fifth-highest mark in the U.S., according to MonitorDaily.

“We have experienced operation and sales support teams in place that allow us to increase production, while still offering excellent customer service to our current customer portfolio,” Bunnell said.

Tags: Award, Press Release

Friday Financial Forum Aug. 26 in Bartlesville, Okla.

Tuesday, August 23 at 03:10 PM
Category: Arvest Community News

Join us Friday, Aug. 26 at 9:45 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.*

There will be a pre-forum performance by the Salty Senior Acting Troupe, directed by Joe Sears. They will be performing a selection from their upcoming production of Salty Summer Days, a collection of scenes from summer plays, with a guest appearance by Morris McCorvey. The dinner theatre performances are Saturday, Aug. 27, 7 p.m., and Sunday, Aug. 28, 2 p.m., at the Dewey’s Heritage Theatre Café and Pub.

This week’s featured speakers will be representing the Ray of Hope Advocacy Center located here in Bartlesville. Speaking at the forum will be Rhonda Hudson (executive director), Jordan Fraser Ihrig (board of directors), Bob Fraser (community chair for Ray of Hope’s Capital Campaign) and Jack Ihrig (Bob Fraser’s 6-year-old grandson who is children’s chair for the Capital Campaign).

Ray of Hope Advocacy Center is a child-focused, facility-based program in which representatives from many disciplines (law enforcement, child protection, prosecution, mental health, medical and victim advocacy) work together conducting joint forensic interviews and making team decisions about the investigation, treatment, management and prosecution of child abuse cases. It is a community-based program designed to meet the unique needs of Northeast Oklahoma. Ray of Hope Advocacy Center’s primary goal is to ensure that children are not further victimized by the intervention systems designed to protect them.

What you can also 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) 
  • Stock Report & Economic Update: Josh Randolph**, Arvest Wealth Management, and Sonya Reed***, Arvest Wealth Management
  • Hilarious Anecdotes: Jim Bohnsack, Arvest Bank

Each week brings a few surprises! Invite a friend to enjoy delicious homemade cookies and hear about what’s going on in the Bartlesville area. If you have any questions or would like to be included on the invitation email 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.

**Josh Randolph - Oklahoma Insurance License #122041
Sonya Reed-  Oklahoma Insurance License # 111796

Tags: Bartlesville, Community Support, Oklahoma

Arvest Bank Recognized by USDA as Top 3 Producer in Arkansas

Friday, August 19 at 08:30 AM
Category: Arvest News

Arvest was recognized for both the number of units and the dollar amount of loans closed with the USDA in Arkansas.

The Rural Development division of the United States Department of Agriculture (USDA) recently recognized Arvest Bank as a “Top 3 Producer in the Guaranteed Rural Housing Program of Obligation Dollars for Arkansas” during the 24-month period from October 1, 2013, to August 30, 2015. Arvest was recognized for both the number of units and the dollar amount of loans closed with the USDA in Arkansas.

Arvest was honored during a recent event in Little Rock hosted by the USDA that focused on homeownership and the agency’s commitment to provide affordable housing to families in rural communities nationwide.  

Since 1949, the USDA has helped nearly 4 million Americans in rural areas become homeowners, working in collaboration with local lenders. 

Rural development loans are backed by the USDA and offer qualified homeowners the benefits of no down payment, minimal mortgage insurance payments and fixed interest rates, among others.

For more information on rural development loans, visit www.arvest.com.

Tags: Arkansas, Award, Press Release

Three Named To Arvest Bank Business Team

Wednesday, August 17 at 05:35 AM
Category: Arvest Community News

New team in Benton County, Ark. will focus on assisting business owners.

ROGERS, Ark. — Arvest Bank is pleased to announce that Graydon Rochelle, Randy Durbin and Gail Sneeringer have been named to a new team designed to help businesses that bank with Arvest Bank.

The creation of the business banking department is part of a bank-wide emphasis to better serve our business customers with dedicated staff that offer specialized products with quicker turnaround times. 

“We know that business owners have to wear many hats to keep their business operating and growing,” said Craig Rivaldo, President and Chief Executive Officer for Arvest Bank in Benton County. “We want them to know that they have a true financial partner in Arvest, so we designed the business team to assist with advice and guidance that can help them better manage everything they need to do.”

Rochelle has been with Arvest Bank for the past seven years, starting as a branch manager and most recently working as a private banker. He will be the Business Banking Manager for the team.

Rochelle graduated from the University of Arkansas with a Bachelor of Science in finance and investments in 2008. He has a Qualified Financial Advisor designation and holds Series 7 and 66 securities licenses.

He serves on the Bentonville-Bella Vista Small Business Council, the Westark Area Council and the Boy Scouts of America Executive Board. He is the current president of Lowell Kiwanis.

He is married to Caitlin Rochelle. 

Durbin is the new Business Banker and has worked for Arvest Bank since 2010 when he started as a financial services representative. Most recently, he worked as a treasury management advisor for three years before joining the team. 

He attended Fresno State University and is American Bankers Association Small Business Banker Certified.

Durbin serves on the Rogers Public Library Foundation board and the Rogers Small Business Council of the Rogers Chamber of Commerce.  

Sneeringer is also a Business Banker on the team and has worked for Arvest Bank for seven years, starting as a teller and most recently as a branch sales manager.

She is originally from the St. Louis, Mo., area and is a graduate of the Arvest EDGE Program. 

She and her husband, Jeffrey Sneeringer, live in Bentonville and have two adult daughters and a granddaughter.

Tags: Arkansas, Arvest Benton County, Arvest Biz, Associates, Business Banking, Press Release

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