Arvest Bank Surpasses $1B Mortgage Mark for 15th Consecutive Year

Tuesday, August 01 at 10:00 AM
Category: Arvest News

Arvest Bank announced today that its mortgage division has originated more than $1 billion in mortgage loans for the 15th year in a row. That includes both purchase-money and refinance loans. This is the earliest the bank has reached the $1 billion mark since 2013, indicating a strong real estate market in the communities the bank serves.

“We are honored that our customers choose Arvest for their mortgage business, both when purchasing a home and in situations when our low rates provide them the opportunity to refinance and improve their financial position,” said Steven Plaisance, president and chief executive officer of Arvest’s mortgage division. “The majority of loans we are issuing are purchase-money loans, which is a healthy sign for our markets, and rates are still very good.”

Arvest reached the $1 billion mark almost a month sooner than it did last year. As of July 24, Arvest had closed a total of 5,696 loans with a total loan value of $1,004,913,837. In 2016, the bank reached the $1 billion mark on Aug. 19.

“The housing market is very robust, with record home sales in some areas and certainly competitive lending rates,” said Plaisance. “Consumer confidence has been strong and that’s certainly reflected in the mortgage industry.”

This is the fourth consecutive year in which purchase-money loans account for more of Arvest’s total mortgage loan volume than refinances. Through July 24, purchase-money loans accounted for 64 percent of the company’s total loan volume. That’s up from 58 percent in 2016. 

“The continued year-over-year increase in purchase-money activity in our markets is yet another strong indicator of the health of those local economies,” Plaisance said.

Through July 24 of this year, Arvest made 3,687 purchase-money loans with a volume of $645,467,279. That’s up from 3,390 loans and $555,367,905 in volume compared to year-to-date totals on July 24, 2016.

Arvest’s overall volume of $1,004,913,837 – on 5,696 loans as of July 24, 2017 – is up from $860,630,640 on 5,360 loans as of July 24, 2016. That’s a 16.8 percent increase compared to the same time last year.

The average loan size at Arvest as of July 24 for this year also increased, compared to the same period last year, from $160,565 to $176,424, reflecting improving values in the real estate market.

Arvest is unique among most local lenders in that it services 99 percent of its mortgage loans, meaning that customers make their payments to Arvest and work directly with Arvest for any needs after their loan closes.

Tags: Arkansas, Kansas, Lending and Financing, Missouri, Mortgage, Oklahoma, Press Release
 

Belford Promoted in Oklahoma City

Wednesday, July 19 at 10:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has promoted Shandy Belford in its Oklahoma City market.

Belford, who joined Arvest in October 2016 as a senior vice president, commercial banker, will now serve as commercial loan manager. As such, she will manage the bank’s commercial lending team in Edmond, work to deepen relationships with existing clients and develop new business. Belford will continue to office at Arvest’s 1501 W. Edmond Road branch in Edmond.

Belford came to Arvest with 12 years of banking and commercial lending experience. She previously has worked at BancFirst, MidFirst Bank and Bank of Oklahoma.

A resident of Edmond, Belford earned a bachelor’s degree from Southwestern Oklahoma State University. She is active in numerous civic groups and holds leadership positions with the Edmond Public Schools Foundation (executive board member) and the Edmond Area Chamber of Commerce (chair of Leadership Edmond). Belford and her husband, Chris, have three children.

Tags: Associates, Oklahoma, Oklahoma City
 

Kristin Patterson Inspires Campers – People Helping People Series

Friday, July 14 at 07:15 PM
Category: Arvest Community News

“My motivation is simple. It’s those kids and those smiles,” Kristin Patterson said.

As co-director of Camp Quality Ozarks, Kristin has one purpose: to let kids be kids, even when they have cancer.

“When you undergo cancer as a child, you grow up very fast. You are entered into the adult world whether you want to or not,” Kristin said. “You lose your hair, you may have scars, but here it doesn’t matter, you’re just a kid. You’re just like the others.”

And just like any kid, those who come to Camp Quality Ozarks want to spend their week having typical summer fun.

“We play basketball, soccer, we have fishing, swimming, yoga, CrossFit, and also a really awesome bike park that they get to play on,” Kristin said.

Bethany is one of the campers that knows Kristin. “Camp Quality is a lot like a home away from home. It really helps you to be like your inner self,” Bethany said. “So people aren’t judging you for what you do or who you’re acting like or whatever.”

Tabitha is another teen participating in Camp Quality. “It’s inspired me to be more of myself and get to know others a lot more. And not let what I’m scared of get in the way of what I know I should and can do,” Tabitha said. 

As a child, Kristin experienced the difficulties of cancer and understands what these kids are going through.

“This is my 20th year here at Camp Quality. Eight of those years was as a camper. I was diagnosed with AML leukemia at the age of 10, and went through treatment,” Kristin said. “My sister gave me a bone marrow transplant and I’m very blessed to still be here today.”

Tabitha said she’s able to relate to Kristin more because of their similar experiences. “After going through the same things, it’s a lot easier to bond with her.”

“Kristen is like the big sister I’ve never had,” Tabitha said. 

According to Bethany, she knows she can rely on Kristin for help. “If you just need … somebody to have a shoulder to cry on, she’s there,” Bethany said. “She might start crying with you, but she’ll definitely help with whatever you’re going through.”

It can be a challenging job, but it’s always rewarding, according to Kristin.

“It’s knowing that they’re getting to come here and enjoy themselves. Knowing that they’re making friendships that they can carry on. And also that they’re making friendships [with others who] they have something in common with and they’re able to talk to each other about it.”

“But to see those smiles and to see them playing and having fun is the biggest blessing that I could ever have,” Kristin said. 

Watch* Kristin in action. 

Kristin’s story is part of Arvest Bank’s People Helping People series featuring citizens giving back to their community. 

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

Tags: Arkansas, Associates, Charitable Giving, Community Support, Kansas, Missouri, Oklahoma, People Helping People
 

Casey Hired as Commercial Loan Manager

Thursday, July 13 at 06:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce the hiring of Victor D. Casey.

Casey will serve as senior vice president and commercial loan manager, and will office at the Arvest branch located at 5215 W. 6th Ave. in Stillwater, Okla. Casey has 13 years of banking experience, including 10 years as market president for another community bank in Oklahoma.

In his new role at Arvest, Casey will be responsible for the generation, evaluation, approval processing, closing and servicing of commercial loans.

Casey earned a degree in marketing and finance at Oklahoma State University. He also is a member of the 2015 class of the Graduate School of Banking at Louisiana State University.

Originally from Pryor, Casey will move from Bartlesville to work in Stillwater. In Bartlesville, his community involvement included Bartlesville Rotary Club, Bartlesville Chamber of Commerce and Bartlesville Regional United Way.

Casey and his wife have four children.

Tags: Associates, Oklahoma
 

Purple Sash Gala Held in Oklahoma City

Monday, July 03 at 05:00 AM
Category: Arvest Community News

Arvest Bank supported the YWCA’s 14th Annual Purple Sash Gala held at 6 p.m., June 17, at The Criterion in downtown Oklahoma City.

The elegant evening included dinner, live and silent auctions, and a New York-style fashion runway show.

During the event, victims of domestic violence or sexual assault shared their personal stories of escaping abuse and rebuilding their lives.  

Arvest Bank supported the event by participating as a “Style Expert” sponsor with a corporate table and associates volunteered their time to the silent auction. 

All proceeds from Purple Sash benefited the YWCA of Oklahoma City, the only certified shelter for victims of domestic violence, sexual assault and stalking in Oklahoma County.

The YWCA of Oklahoma City is dedicated to eliminating racism, empowering women and promoting peace, justice and dignity for all. According to the organization, nearly 3,000 women, children and men receive help through YWCA programs, including emergency shelter for battered women and children, counseling, support groups, child care, transitional housing, financial literacy and other services. For more information visit www.ywcaokc.org.*

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

Tags: Associates, Community Support, Oklahoma, Oklahoma City
 

Tron Peterson Cares for Veterans – People Helping People Series

Friday, June 30 at 02:15 PM
Category: Arvest Community News

“There is no greater joy than seeing hope restored in a veteran’s life,” said Tron Peterson, who has spent the past decade helping veterans adjust to life after the military.

“I really started seeing the veterans coming back injured, maybe with PTSD, and just ready to give up a lot of times,” Tron said. 

“They would go over there so many times, confident, and they would come back and, for a lot of them, it was hard to cope with society. And so I thought, what can I do as an individual?”

That’s why he created Peterson Outdoors Ministries*. His organization provides recreational therapy for injured veterans, with the goal of helping them redefine their purpose in life.

“I really felt that it was put on my heart to have a place that would facilitate those with severe disabilities where they could stay on the property as a family,” Tron said. The organization takes injured veterans outdoors for a range of activities, including fishing and shooting clay pigeons.

“Just to see them interacting again and seeing that joy on their face makes it all worthwhile, he said.

Michael Zittle, a veteran of the Army, has participant in the program. “I was injured twice in service. Once in September 2010 and then again in February 2011. Later that year, I was medically retired from the Army,” Michael said. 

“[Peterson Outdoors Ministries] has a lot of adaptive equipment to help veterans or somebody with a disability to get out in the woods again and that brought a smile on my face,” Michael said. 

Adam Bracken is a volunteer with the organization. “You can see the impact. You can see tangible results. It’s not mailing a check somewhere,” Adam said. “It’s not putting a bumper sticker on your car that says, ‘Support our Troops.’ It’s meeting people who need help and providing them with the help they need.” 

According to Tron, veterans finding hope encourages him to continue his work. “You know there’s so much bad news in the country right now, but whenever you can see a life changed, you see a veteran and his family find hope again, that’s what’s exciting to me, that keeps me going,” he said.

WatchTron in action.

Tron’s story is part of Arvest Bank’s People Helping People series featuring citizens giving back to their community. 

Keep an eye on our social media channels for videos highlighting the good works of dedicated citizens in the communities Arvest Bank serves.

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

Tags: Arkansas, Associates, Charitable Giving, Community Support, Kansas, Missouri, Oklahoma, People Helping People

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