Arvest Bank Completes Bear State Bank Conversion

Tuesday, September 25 at 09:00 AM
Category: Arvest News

Total Assets Now at Approximately $18.76 Billion

FAYETTEVILLE, Ark. (Sept. 25, 2018) – Arvest Bank is pleased to announce that it completed Monday the transition and conversion process of Bear State Bank customers, branches and systems.

Arvest entered an agreement to acquire Bear State Financial, Inc. – the parent company of Bear State Bank – in August 2017. The cash transaction valued at approximately $391 million brought Arvest’s total assets to approximately $18.76 billion, and total number of branches in Arkansas, Kansas, Missouri and Oklahoma to more than 270. Arvest entered 15 new communities – and added 20 branches – in Arkansas, Missouri and Oklahoma via the acquisition.

“We couldn’t be more excited to welcome our new customers,” Arvest president and CEO Kevin Sabin said. “We believe they will feel right at home with Arvest, and we look forward to getting to know them and our new communities even better. This has been a long process, but as we’ve said from the beginning, the customer-first approaches of both Arvest and Bear State have made this a natural fit.”

In addition to a significantly larger branch network, former Bear State customers also will benefit from an expanded portfolio of financial products, services and solutions – such as wealth management services, robust mortgage programs, agri banking and equipment financing – now available to them. Many of these benefits are available not just in bank branches, but via Arvest’s online and mobile banking platforms.

About Arvest

Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.


About Arvest Wealth Management

Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

 

 

Tags: Arvest, Arvest Wealth Management
 

Arvest Wealth Management Announces Webster Hiring

Friday, May 25 at 02:00 PM
Category: Arvest News


Arvest Bank is pleased to announce it has hired Joni Webster as an Arvest Wealth Management senior vice president and trust officer.

Webster has 22 years of trust and estate planning experience, and in addition to being a Certified Trust Financial Advisor and Certified Private Wealth Advisor, holds a STEP Certificate in International Trust Management. She is replacing Sherry McBride, who will retire at the end of June.

As a trust officer, Webster is responsible for fiduciary account administration of personal trusts, estates, investment accounts and IRAs, among other duties. She will be based out of the Arvest Branch located at 70 Sugar Creek Center.

Webster earned a bachelor’s degree in history and political science at Arkansas Tech.

Tags: Arvest Wealth Management

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