3 Join Private Banking Team in Springdale, Ark.

Wednesday, July 26 at 10:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has added three members to its Arvest Private Banking staff in Springdale, Ark.

Katie Robinson, Matt Potter and Ray Ford have been promoted to Arvest Private Banking roles after serving the bank in varying capacities.

“We are excited to add these associates to Arvest Private Banking in Springdale,” Arvest Private Banking manager Mary Pedersen said. “We have had a need to expand and our Private Banking team with the growth of Springdale and our surrounding communities. With the experience this group brings, we can deliver the level of service our high net worth clients need. This is a move we’re confident will be fantastic for the bank and our customers.”

Robinson, vice president and Arvest Private Banking advisor, has been at Arvest since 2004, working in branch management and Arvest’s Treasury Management team. In addition to earning a bachelor’s degree in biochemistry at Oklahoma State University, she is a graduate of the Leadership Fayetteville Class XXVI and the Walton Institute.

A current member of the Fayetteville Chamber of Commerce Education Committee, Robinson also has been actively involved with Fayetteville Public Schools and Community Blood Center of the Ozarks, among other civic endeavors. Additionally, she was named a member of the Northwest Arkansas Business Journal’s 2013 Forty Under 40 class. She and her husband, Kirk, have two children and attend Central United Methodist Church in Fayetteville.

Like Robinson, Potter will serve as an Arvest Private Banking advisor, analyzing and developing wealth management strategies for private banking clients, based on the client’s individual financial goals. Potter specifically serves physicians, executives and retirees.

Potter has worked at Arvest since 2006 and served in a variety of roles, including as a credit analyst and as part of Arvest’s Treasury Management team. Potter earned a bachelor’s degree in finance and a master’s degree in business administration, both at Missouri State University.

Potter and his wife, Amanda, live in Springdale with their son. They are active members of Cross Church. Additionally, Potter has held leadership roles at Rotary International and also the United Way of the Ozarks.

Ford will serve as an Arvest Private Banker, focusing on building relationships with customers and developing wealth management strategies based on specific needs and goals of individual clients. He has worked in a variety of roles at Arvest since 2010, including customer service, financial services, treasury management and wealth management.

Ford holds a bachelor’s degree in advertising and public relations from the University of Arkansas and is involved in various community activities in both Springdale and Fayetteville. He and his wife, Tiffany, live in Fayetteville.

This blog was updated on July 27.

Tags: Associates, Springdale, Treasury Management

Wilson Promoted in Springdale, Ark.

Friday, July 07 at 06:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Paula Wilson has been promoted to commercial loan manager in its Springdale market. 

Wilson has more than 30 years of industry experience, having begun her banking career in 1986. During that time, she also worked for the Arkansas State Bank Department. Wilson, who offices at the Arvest branch at 415 West Emma, has been part of Springdale’s commercial lending team since 2000.

“I am excited to have Paula step into this leadership role, in which she will continue to work with our team to grow our commercial portfolio, and also work with our strategic partners to deepen existing customer relationships,” said Chris Thornton, loan manager for Arvest in Springdale. “We have many exciting things happening in Springdale and Paula has been a big part of that.”

Wilson earned a bachelor’s degree in marketing at Henderson State University and also completed the Southwestern Graduate School of Banking at Southern Methodist University. She is a member of Springdale Kiwanis, as well as a member of the Springdale Library Board of Trustees and Spring Meadows Senior Apartments board of directors, among other civic endeavors.

Tags: Associates, Northwest Arkansas, Springdale

Jeffus Promoted in Springdale, Ark.

Wednesday, May 31 at 06:20 AM
Category: Arvest Community News

Longtime banker named mortgage loan officer.

SPRINGDALE, Ark. – Arvest Bank is pleased to announce Sabra Jeffus has been promoted to mortgage loan officer in Springdale.

Jeffus began her banking career in 2000, and has held various jobs since then, including commercial and mortgage lending positions. In her new role, Jeffus will office at Arvest’s branch on Elm Springs Road. She will originate mortgage loans and assist her clients with all of their purchase and refinancing needs.

“Sabra comes to us with a wealth of banking knowledge, and she strives to provide the very best customer service to each and every customer she assists,” said Kelli K. Winn, senior vice president, mortgage loan manager in Springdale. “We are so excited to have Sabra join our mortgage team.”

Jeffus is a native of Paris, Texas, and attended Stephen F. Austin State University in Nacogdoches as a track and field and cross country student-athlete before eventually graduating from Northwestern State University of Louisiana with a bachelor’s degree in finance and banking.

Active in numerous civic organizations, including Executive Women International, Rotary Club of Springdale, and Springdale Chamber of Commerce, Jeffus also is a graduate of Leadership Fayetteville Class XXII and Leadership Springdale Class XVIII. She and her husband, Scot, live in Springdale with their two children.

Tags: Arkansas, Associates, Press Release, Springdale

Commercial Real Estate Market Absorbs Over 1,000,000 Square Feet of Space in Northwest Arkansas

Monday, April 24 at 08:15 AM
Category: Arvest Community News

Multi-family vacancy rates up slightly but remain low.

Arvest Bank today released its Skyline Reports on commercial and multifamily real estate in Northwest Arkansas for the last six months of 2016.

In the commercial real estate market, 1,005,502 square feet of commercial space were absorbed in Northwest Arkansas during the second half of the year, while 541,561 square feet of new space were added, resulting in a net positive absorption of 463,941 square feet. The vacancy rate for all commercial space fell from 12.7 percent in the first half of 2016 to 11.7 percent in the second half. During the first half of 2016, the commercial market experienced net positive absorption of 11,847 square feet.

The retail submarket has seen a slight increase in vacancy rates from 9.2 percent in the first half of 2016 to 9.4 percent in the second half of 2016, while the warehouse submarket has seen a more significant decrease in vacancy rates year-over-year from 11.5 percent in the second half of 2015 to 8.1 percent in the second half of 2016. According to Kathy Deck, lead researcher for the Skyline Report and director of the Center for Business and Economic Research at the University of Arkansas at Fayetteville, this trend is likely a result of the changing shopping preferences of consumers.

“As consumers have increasingly embraced online shopping, it stands to reason that these new shopping preferences will have an impact on different types of commercial real estate with the retail real estate market softening while the warehouse market begins to tighten. I think that is what we are likely witnessing here in Northwest Arkansas,” said Deck.

The office submarket continues to show strength. While 155,933 new square feet were added in the second half of 2016, 271,396 square feet were absorbed – a net positive absorption of 115,463 square feet.

From July 1 to Dec. 31, 2016, there were $137.2 million in commercial building permits issued in Northwest Arkansas, a decrease from the $206.5 million in commercial building permits issued in the first half of the year and a slight increase from the $112.8 million in issued in the last half of 2015.

“Overall, the commercial real estate market can be described as both very active and well-balanced at this time,” Deck continued.

Vacancy rates in multifamily real estate rose slightly from the first half of the year but remain at low levels throughout Northwest Arkansas.  The overall vacancy rate for the Northwest Arkansas multifamily market during the second half of 2016 was 3.2 percent, up from 2.4 percent in the first half of the year. The Skyline Report tracks 336,159 multifamily units in 735 multifamily properties across Northwest Arkansas.

Craig Rivaldo, president with Arvest Bank of Benton County, said about the Skyline results, “We are visiting with a large number of clients who have been very encouraged regarding the real estate development market here in Northwest Arkansas. They have been seeing and hearing what this report indicates – that the market is well balanced, and there are plenty of good opportunities for intelligent commercial and multifamily projects now and in the future.”

Springdale continues to have the lowest vacancy rate in the region, now falling below 1.0 percent to 0.9 percent followed by Bentonville at 1.3 percent, Siloam Springs at 1.8 percent, Rogers at 2.7 percent and Fayetteville at 4.7 percent. Fayetteville’s vacancy rate of 4.7 percent was up from 3.6 percent in the first half of 2016, the result, according to Deck, of a substantial number of “by-the-bed” rental units targeted to college students coming onto the market after the start of the Fall school semester.

Increased demand put upward pressure on lease rates with the average monthly lease price for a multifamily property unit in Northwest Arkansas increasing to $627.04 from $608.88 in the first half of 2016.

“We are running out of adjectives to describe the multifamily market in Northwest Arkansas,” Deck said. “Considering that what is generally considered the normal vacancy rate in multifamily properties is 5 percent, for the overall rate in Northwest Arkansas to be in the 3 percent range and to have stayed under 4 percent since the second half of 2014 is remarkable. With so many new multifamily properties under construction or recently announced, we anticipate that we will likely be in the more normal range of 5 percent within 18- to 24-months. And with so many of the newer properties having a more robust set of amenities, it won’t be surprising if we see higher average rates at that time, even with a higher overall vacancy rate.”

The Arvest Skyline Report is a biannual analysis of the latest commercial, single-family residential and multi-family residential property markets in Benton and Washington counties. The report is sponsored by Arvest Bank and conducted by the Center for Business and Economic Research (CBER) in the Sam. M. Walton College of Business at the University of Arkansas.

In 2004, Arvest Bank entered into a contract with CBER to collect information about the local real estate markets. CBER researchers aggregated and analyzed data from local governments, property managers, visual inspections and the business media to provide a complete picture of the status of property markets in the two counties.

The CBER provides excellence in applied economic and business research to federal, state and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.

Tags: Arkansas, Arvest Benton County, Arvest Biz, Bentonville, Business Banking, Community Support, Home Loans, Mortgage, Northwest Arkansas, Prairie Grove, Press Release, Rogers, Siloam Springs, Springdale

Q&A with Eric Vaughan with Compassion Center of NWA for 1 Million Meals

Thursday, April 06 at 06:10 AM
Category: Arvest Community News
As we embark on our seventh annual 1 Million Meals initiative to raise one million meals for the local hungry, we’re happy to partner with Compassion Center of NWA* to help us achieve our goal. The organization has been serving people in the Northwest Arkansas region for five years. 

To kick off our campaign we sat down with Eric Vaughan, executive director with Compassion Center of NWA, to learn more about him and the organization he works for.

What’s your involvement with Compassion Center of NWA, and how did you get started?
I serve as the executive director of Compassion Center of NWA and help guide the organization to engage the community in service opportunities. I am also responsible for developing a comprehensive growth plan to secure a future where Compassion Center of NWA can continue to increase its footprint in our communities with unique programs that meet the ever changing needs of the Northwest Arkansas region. I started with Cross Church over eight years ago, and it was my privilege to serve as the small group pastor on the Pinnacle Hills Campus in Rogers, Ark. After serving in that role for five years, I was excited to have the opportunity to become the first executive director of the Compassion Center of NWA and help the organization receive its 501(c)(3) from the IRS and to continue to engage the community and enhance our multiple service opportunities to offer hope to those in need.

What’s a compelling experience you’ve had during your time with Compassion Center of NWA?
There are literally compelling stories that touch the heart and soul every day, but my first experience happened shortly after assuming the position of executive director. I was in the pantry area helping one of our clients that had some overwhelming needs. After listening to her story and committing to helping her with her needs I went to the shelf and pulled two bags of groceries from our pre-made bags of food. She glanced in the bags, smiled, and began pulling out a few of the items and laying them back on the shelf. I replied, "Ma’am all of those groceries are for you and your family.” She softly said, “And I am grateful for all of it, but I have diabetes and I can’t eat these items.” It was at that point that I realized we had an opportunity to grow in an area that was already doing well and that we could serve the community and our clients even better. 

Today, the Compassion Center of NWA is a full service choice pantry giving our clients the ability to shop for free while making their own choices of what to put in their baskets, just as if they were shopping at a grocery store. The upgrade to the pantry helps the center cut down on waste, improve the quality of food choices, provide more nutritious options including fresh produce, and provide a more dignified experience for our clients. Brenda Perritt, who serves as our pantry coordinator among other duties, has led the charge with exceptional leadership and continues to build for the future to see more of the region served with their hunger needs.

How can people get involved with the Compassion Center of NWA?
1. Volunteer: With very few paid staff, volunteers are the heartbeat of CNWA. We have projects and daily opportunities for individuals, families, groups and more. Every volunteer hour is an avenue to save resources to spend on our neighbors in need. To volunteer with us at CNWA, contact Brenda Perritt at brendap@compassionnwa.com.
2. Donate: If volunteers are the heartbeat of CNWA, then donations are the lifeblood. Clothes, furniture, appliances, and housewares are accepted and sold at affordable rates to support the community services of CNWA but alone those are not enough. Without the generous cash contributions, corporate donations, and vendor product donations, CNWA would not be able to continue to grow and expand its reach. Product donations are accepted Monday - Saturday 9 a.m. to 6 p.m. on site or at any Cross Church campus location, and cash contributions can be donated at compassionnwa.com/donate*.
3. Shop: Compassion Center of NWA is a financially self-sustaining organization and receives funding only through the resources made at the thrift store and the generous contributions of the NWA community. Our thrift store is open to all in the region and deals are found every day. Consider shopping at CNWA today to find a great deal and support a great cause! We are located at 2407 S. Thompson in Springdale, Ark.

We’d love to have you involved in our 1 Million Meals initiative to help the Compassion Center of NWAand our other food partners. 

Four Easy Ways to Donate:
  • Donate via Phone – Customers can make a $1 (or more) donation by calling (866) 952-9523. Funds will be drawn directly from your Arvest account.
  • Donate via Mail – Mail a check to Arvest Bank Operations, ATTN: 1MM, P.O. Box 799, Lowell, AR 72745. Include 1 Million Meals in the memo line of the check.
  • Donate in a Branch – Stop by your local Arvest Bank branch. Cash and check contributions accepted.
  • Donate Arvest Flex Rewards™ – Customers can redeem points for a 1 Million Meals donation. Log in at arvestflexrewards.com, and click on the banner for 1 Million Meals to get started!
We’ll Donate $1 Each Time You:
  • Follow us on Instagram.
  • Like or share our 1 Million Meals Facebook posts.
  • Retweet our 1 Million Meals tweets on Twitter on April 21 and May 10.

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

Tags: 1 Million Meals, Arkansas, Charitable Giving, Community Support, Springdale

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