Arvest Sets Date to Complete Acquisition of 29 Branches

Tuesday, February 19 at 09:10 AM
Category: Arvest News

Arvest Bank announced the addition of 29 Bank of America locations, including certain deposit accounts and loans associated with these locations. Regulatory approvals have been received and now these locations, certain deposits and loans will transition to Arvest at the close of business on Friday, March 22, 2013.  The press release below gives additional details about the closing announcement.

For more information about the transition, please visit our Bank of America customer welcome page.

FAYETTEVILLE, Ark.–-In December 2012, Arvest Bank entered into an agreement with Bank of America to purchase twenty-nine locations and certain deposit accounts and loans associated with those locations. Today, Arvest announces that this acquisition is set to close at the end of business on March 22, 2013, with the vast majority of impacted branches to open on Monday, March 25, as Arvest Bank branches.  All acquired locations are within or near existing Arvest markets.

The purchase has received regulatory approvals, and will close on March 22, 2013. Arvest will take ownership of eighteen Bank of America branch locations, as well as lease obligations for eleven other branch locations. They will also gain most deposit accounts such as checking, savings, IRAs and CDs belonging to consumer and small business customers who live in the local area and are serviced at these locations. The transaction does not include credit card, mortgage, brokerage or trust accounts.

Bank of America locations included in this agreement in Arkansas include Harrison, Hot Springs, Hot Springs Village, Mountain Home and Russellville; communities in Missouri include Aurora, Branson, Branson West, Carthage, Cassville, Forsyth, Joplin, Lebanon, Lockwood, Monett, Mountain Grove, Neosho, Nevada, Shell Knob and West Plains; communities in Oklahoma include Muskogee and Tahlequah; and in Kansas the community included is Pittsburg.

Arvest considers the addition of these branches and customer relationships within its existing footprint a strong indicator of the bank’s commitment to community banking. Arvest Bank expects many Bank of America employees to transition to the company.

Tags: Arvest Growth, Locations, Press Release
 

Arvest Breaks Ground on New Branch in Fayetteville, Ark.

Saturday, December 22 at 11:00 AM
Category: Arvest News

Arvest Bank celebrated the announcement of their new Fayetteville, Ark. branch location with a ceremonial groundbreaking on December 20, 2012. Elected officials, community leaders and Arvest Bank associates gathered that morning to welcome the start of construction for the branch bank at 2389 North College Avenue. The branch is estimated to be completed sometime in October 2013.

“We are so happy to see work begin on our new location,” said Donny Story, President of Arvest Bank in Fayetteville. “Our customers and associates will appreciate the much needed space and added convenience. We simply outgrew the old location.”

The new branch will replace the Arvest branch at 1947 North College Avenue. That building, then a McIlroy Bank, first opened on December 10, 1962, and contained the first drive-through window in Fayetteville. It was last renovated and expanded in 1994 with 3,150 square feet. Arvest Bank acquired McIlroy Bank in 1986. 

The Township branch will have approximately 6,250 square feet when completed. Designed by Wittenberg, Delony and Davidson Architects, it is being constructed to U.S. Green Building Council’s Leadership in Energy and Environmental Design standards. Among the features designed into the building are LED lighting, extensive use of recycled materials, reflective roofing materials, and drought-tolerant native landscape design.

CDI Contractors is the construction company for this project. Grey Rock, HSA Engineers and Engineering Consultants Inc. are the engineering firms.

 
Tags: Arkansas, Arvest Growth, Fayetteville, Locations
 

Arvest to Acquire 29 Banking Locations in Four States

Thursday, December 13 at 03:00 PM
Category: Arvest News

Fayetteville, Ark. - Arvest Bank announced today it has entered into an agreement with Bank of America Corporation (NYSE: BAC), to purchase twenty-nine banking locations and the deposit accounts and certain loans associated with those locations. The locations being acquired are all within or close to existing Arvest markets.

The purchase is subject to receiving regulatory approvals, which are expected in the first quarter of 2013. Under the agreement, Arvest will purchase certain assets, including eighteen branch locations owned by Bank of America, most deposit accounts such as checking, savings, IRAs and CDs belonging to households and small business customers who live in the local area and are conveniently serviced at these locations, as well as lease obligations for eleven other branch locations.  The transaction does not include credit card, mortgage, brokerage or trust accounts.

Arvest considers the purchase of branches and customer accounts within its existing footprint a strong indicator of the bank’s commitment to community banking.  In addition to growing the number of branches in Arvest’s existing footprint, this transaction will establish Arvest in twelve new communities close to existing markets. Each of these new locations will join one of Arvest’s locally-managed community markets once regulatory approvals are finalized and the transition is completed.

Bank of America locations involved in this agreement in Arkansas include Harrison, Hot Springs, Hot Springs Village, Mountain Home and Russellville; communities in Missouri include Aurora, Branson, Branson West, Carthage, Cassville, Forsyth, Joplin, Lebanon, Lockwood, Monett, Mountain Grove, Neosho, Nevada, Shell Knob and West Plains; communities in Oklahoma include Muskogee and Tahlequah; and in Kansas the community included is Pittsburg.

Of the twenty-two communities involved, eighteen currently have one Bank of America location. In the other four communities – Hot Springs, Russellville, Tahlequah and Muskogee – there are multiple locations being acquired.  

Arvest Bank is working closely with Bank of America to ensure a seamless transition for both customers and employees. Once the transaction is complete, Arvest Bank expects many Bank of America employees to transition to the company and keep their current positions.

Bank of America customers whose accounts are assigned to these specific branch locations do not need to do anything at this time. They should continue to use their current Bank of America checks, debit cards and other products and services until they are contacted by Bank of America and then subsequently by Arvest Bank after the transaction is approved.

Customers of these Bank of America locations can learn more by visiting our Welcome Page.  Below is a listing of each individual location involved in the deal.

 

List of Bank of America locations included in the purchase:

Arkansas

  • Harrison - 700 US Hwy 62-65N 
  • Hot Springs - 301 Exchange 
  • Hot Springs - 1500 Albert Pike Road 
  • Hot Springs - 4400 Central 
  • Hot Springs - 1550 Malvern Avenue 
  • Hot Springs Village - 111 Cordoba Center 
  • Mountain Home - 650 South St. 
  • Russellville Main - 209 West Main St 
  • Russellville Drive-thru - 121 South Boulder 

Kansas

  • Pittsburg - 216 North Broadway 

Missouri

  • Aurora - 138 E. Church St. 
  • Branson - Veteran's Blvd 
  • Branson - West 18491 State Hwy 13 
  • Carthage - South Motor Bank 2424 Fairlawn Ave. 
  • Cassville - 503 Main Street 
  • Forsyth - 115 Shadowrock Dr 
  • Joplin - 402 S. Rangeline Rd 
  • Lebanon - 104 N. Jefferson Ave. 
  • Lockwood - 704 Main Street 
  • Monett - 100 E. Broadway 
  • Mountain Grove - 111 N. Maple Ave. 
  • Neosho - 719 S. Neosho Blvd 
  • Nevada - 401 E. Austin Blvd 
  • Shell Knob - 714 Hwy 39 @ YY 
  • West Plains - 1311 Porter Waggoner Blvd 

Oklahoma

  • Muskogee - 230 W. Broadway 
  • Muskogee - N. 3rd Street 
  • Tahlequah - S. Muskogee Ave 
  • Tahlequah Drive-In – 123 W. Shawnee St.

 

 

 
Tags: Arkansas, Arvest Benton County, Arvest Growth, Fort Smith, Joplin, Kansas, Little Rock, Locations, Missouri, North Central Arkansas, Oklahoma, Springfield, Tulsa
 

Arvest Branches Open Monday, Oct. 8 for Columbus Day

Friday, October 05 at 09:30 PM
Category: Arvest News

"In fourteen hundred ninety-two
Columbus sailed the ocean blue."

All Arvest Bank locations will be open Monday, Oct. 8 for Columbus Day, so please stop by and see us.

If you are enjoying a three-day weekend out of town, remember you can always bank with us 24 hours a day, 7 days a week with:

We hope everyone has a Happy Columbus Day!

Tags: Holiday Hours, Hours, Locations
 

Arvest in Kansas City Extends Hours at Newest Locations

Wednesday, August 01 at 09:00 PM
Category: Arvest News

Just a little over a month ago, Arvest Bank finalized its purchase of Union Bank, adding 10 new branches to the Arvest Bank network.  Today, the 10 newly-added branches extended their hours, many of which will be offering 12-hour weekday banking like most other Arvest Bank branches throughout Greater Kansas City.  Please see the official release below for details.


Mission, Ks., (August 1, 2012)— Arvest Bank recently announced the expansion of its Kansas City area network to 18 branches and starting today, the newest Arvest Bank locations will also begin offering extended hours to its customers.  Arvest Bank began introducing extended hours at its Greater Kansas City locations in April 2010, and the addition of the new branches will provide customers with even more 12-hour weekday banking options.

“We try to make banking as convenient as possible for our customers.  The extended hours take the pressure off making a deposit or other transactions before 5 p.m. Most customers do not get off work until five, and with the extended hours, they will be able to conduct their bank business during a time that works better for their schedule,” Lynn Anderson, executive vice president, said.

With this extension, the cut-off deposit time at each location also moves until close. All deposits will post on the same day customers make their deposits.

“We are focused on providing the best services to our customers. This is just one way we make it easy for customers to bank with Arvest,” Anderson continues.

The extended hours will take effect today, August 1, 2012, and will be as follows:

Drive Thru: Monday-Friday 7am-7pm, Saturday 8am-1pm
Lobby: Monday-Friday 8am-6pm, Saturday 8am-1pm

*Prospect and 87th Street hours are:
Drive Thru: Monday-Friday 8am-6pm, Saturday 8am-1pm
Lobby: Monday-Friday 8am-5pm, Saturday 8am-1pm

*Downtown Kansas City hours are:
Lobby: Monday-Friday 8am-5pm, Closed Saturdays
 

Tags: Hours, Kansas City, Locations, Missouri, Press Release
 

Arvest to be Closed July 4 in Honor of Independence Day

Tuesday, July 03 at 01:00 PM
Category: Arvest News

In honor of Independence Day, all Arvest branch locations will be closed Wednesday, July 4, 2012. All locations will be open during regular business hours the following day on Thursday, July 5 with the exception of the Arvest branch located inside the Conoco-Phillips Complex in Bartlesville, Okla.  This particular branch will be back open on Friday, July 6.

While Independence Day is a day to celebrate our freedom, let’s always remember those who are still fighting each day to protect it.  Be sure to take a moment to remember those who are currently serving in our armed forces and for those who have served our country in the past.  Thanks to all of you from Arvest Bank!

Would you like to show your American pride every day? Celebrate the United States for the great country that it is and honor those who fight to protect our freedom with a new Patriotic or Military Arvest CheckCard.  These cards are available to both new and existing Arvest customers.

For existing debit card holders, you may replace your existing debit card for only $5 by calling Customer Service or at a nearby branch location.  This is a one-time charge to cover the expense of issuing the card, there is no monthly debit card fee at Arvest Bank.

For new customers, your first CheckCard is FREE with any new checking account opened.  However, these cards are only available for new accounts opened in-branch so if you wish to have one of these great cards, visit a branch location or call (866) 952-9523.

From everyone at Arvest Bank, have a Safe and Happy 4th of July!


 
 

Tags: Arkansas, Bartlesville, Community Support, Debit Cards, Holiday Hours, Hours, Kansas, Locations, Missouri, Oklahoma

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