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
 

Arvest Bank Finalizes Purchase of Union Bank Branches

Monday, June 25 at 03:40 PM
Category: Arvest News

It's official.  The purchase and conversion of Union Bank in the Greater Kansas City area is now complete.  The bank formerly operated 10 branches in the area, expanding the Arvest network to 18 branches and 33 ATMs total.  We welcome all former Union Bank customers to Arvest today!  Please see the release below for details about this expansion. 


Mission, Ks.— Arvest Bank is pleased to announce that the purchase of Union Bank branches and transition of account relationships is now complete.   Beginning today all Arvest Bank customers and customers of the former Union Bank will be able to enjoy an expanded network of 18 branches and 33 ATMs in the Greater Kansas City area.

“We are excited to welcome Union Bank customers to the Arvest Bank family and look forward to providing them with the opportunity to take advantage of our expanded line of financial products and services.  Arvest is able to offer its customers on-site mortgage and investment services, as well as a wide range of other financial solutions for customers as well as businesses of any size.  Customers will also enjoy the convenience that comes with an expanded ATM and branch network and will find comfort in the fact that Arvest is financially strong and stable and our associates are ready to meet their needs,” says Mark Larrabee, president and chief executive officer for Arvest Bank in Kansas City.

Doug Heck, executive vice president and sales manager for Arvest Bank in Kansas City, comments that, “Teams at both Union Bank and Arvest Bank have worked diligently to ensure a smooth transition.  Customers will be pleased to see many of the same friendly faces they have grown to trust at their local branch, along with the addition of experienced Arvest associates. We understand that customers may have questions or concerns regarding the transition of their new banking relationship, and I am confident our teams are prepared to navigate customers through this transition process.”

Customers of Union Bank will have no service interruptions as a result of the conversion to Arvest Bank. The purchase will increase Arvest Bank’s assets in Greater Kansas City to approximately $800 million.  The transaction also increases Arvest Bank’s presence in Missouri and expands their footprint north of the river. 

 

Tags: Arvest Growth, Kansas, Kansas City, Locations, Missouri
 

Grand Opening Celebration! Arvest in Springfield, Mo. on Sunshine Now Open

Thursday, March 22 at 02:33 PM
Category: Arvest Community News

The doors are now open at our newest branch in Springfield.  The new addition is located at 3184 E. Sunshine and we’ll be celebrating throughout the next several weeks with events, contests, food and fun.  Join us!

Support Your School & Win a NEW iPad

Arvest Bank in Springfield has partnered with the three nearest elementary schools in proximity to the newest branch—Pershing Elementary, Pittman Elementary, and Wilder Elementary.  For the next three weeks, you are invited to come in to the Sunshine branch and vote for your favorite school and your favorite hand-decorated tote bag!  The tote bags feature artwork by the fourth and fifth graders from each school. 

The school with most votes wins a pizza party for their fourth/fifth grade classes and the student with the winning tote bag from each school will get an Arvest Savings account with $50 in it.  Also, by voting, you'll be entered to win a third generation iPad and for every vote, Arvest will donate $1 to that school. 

Week 1, March 26 – Pershing Elementary
Week 2, April 2 – Pittman Elementary
Week 3, April 9 – Wilder Elementary

Shred Day –Tuesday, April 17 from 11 a.m. – 2 p.m.

Arvest Bank is teaming up with Shred It to offer a Shred Day.  Customers are invited to bring any papers that they’d like discarded securely and safely.

Make a Wish Announcement Day—Wednesday, April 18 from 4-6 p.m.

Eli is a 4-year-old little boy from Springfield who is fighting leukemia.  Arvest Bank has teamed up with Make a Wish Foundation to make Eli’s dream of going on a wild Animal Adventure come true!  Arvest and Make a Wish have set up for him to take an excursion to San Diego where he’ll get to visit SeaWorld and the famous San Diego Zoo.  Come out and meet Eli and his family as Arvest kicks off a month long campaign to help Make a Wish raise money for more local wishes to be granted. Food will be donated and catered by Famous Dave's and joining Eli at his party will be special guest Geoffrey the Giraffe from Toys R Us. Don't miss out on the food, fun and giveaways!

E-Shred Day—Thursday, April 19 from 11 a.m. to 2 p.m.

Arvest is pairing up with Computer Recycling Center to offer an E-Shred Day.  Customers are invited to bring in their old electronics to recycle.  Excludes televisions and monitors.

Ribbon Cutting Ceremony – Friday, April 20 at 11 a.m.

Join us as we have our official ribbon cutting ceremony with Springfield’s Chamber of Commerce and present each school with their check from the Support Your School week.  The National Guard will be on hand to raise our flag and lunch will be provided.

  

Tags: Community Support, Locations, Missouri, Springfield

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