Arvest Wealth Management Tops Revenue Record

Thursday, March 14 at 09:00 AM
Category: Arvest News

Arvest Wealth Management announced today that it produced record revenue in 2018, the second consecutive year it has done so.

Arvest Wealth Management, which offers wealth management, trust, investment, and insurance products and services, has investment and trust advisors throughout Arvest Bank’s four-state footprint. It recorded revenue of $71.4 million in 2018, up from $65.2 million in 2017. Additionally, Arvest Wealth Management reported total assets under management of more than $12 billion as of Dec. 31, 2018.

“Our 2018 success reflects our ongoing commitment to building deeper customer relationships,” Arvest Wealth Management president and CEO Jim King said. “Our investment and trust advisors, through our discovery and financial planning process, work with our customers to better understand their hopes, dreams and goals, and work to create an investment plan to help them achieve those goals.”

Additionally, after a lengthy due diligence process, Arvest Wealth Management recently announced its intention to consolidate its clearing and custody relationships with one firm – Pershing, a BNY Mellon company. That consolidation and conversion is scheduled for later this year.

Arvest Wealth Management is excited about the move to Pershing and believes it will allow for better integration of wealth management services into the Arvest Bank online and digital platforms and provide a better customer experience.

“We believe this move to Pershing will allow Arvest Wealth Management to provide the most competitive investment and advisory products and services to our customers, and to more seamlessly integrate our products and services into our bank’s digital infrastructure,” King said.

About Arvest Bank
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. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. 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
 

Russellville Choir Boosters Receive Arvest Foundation Grant

Thursday, March 14 at 09:00 AM
Category: Arvest Community News

The Russellville High School Choir will be able to perform at Carnegie Hall in New York City thanks to a $5,000 donation from the Arvest Foundation.

The gift was announced today at the Russellville High School in Russellville. Shawn Bates, community bank president of Arvest Bank was on hand to present the check to Matthew Foy, choral director at Russellville High School, and Mark Gotcher, superintendent of the Russellville School District.

The Arvest Foundation donation to the Russellville Choir Boosters will help the students with the costs associated with this once-in-a-lifetime opportunity of performing at Carnegie Hall in New York City.

 “The $5,000 donation from the Arvest Foundation will help make students' dreams of performing at Carnegie Hall become reality,” Foy said. “With this generous donation, we will be able to provide the students with some meals and transportation while in New York City. This is truly a once-in-a-lifetime opportunity for our students and I would like to thank Arvest for helping this dream come to fruition.”

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Russellville Choir Boosters and the Russellville School District who have dedicated their time to providing and improving the lives of our students in the Russellville area,” Bates said. “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to our local community and support to the education of our students.”

Tags: Arkansas, Arvest
 

Arvest Wealth Management’s Cross to Wrap Up Career in March

Wednesday, March 13 at 02:00 PM
Category: Arvest News

Arvest Bank will celebrate the career of Jim Cross on March 29.

Cross, a senior client advisor for Arvest Wealth Management in Bentonville, has worked at Arvest for 30 years.

Jim Cross has had an incredible career at Arvest, and for many, it will be hard to think about Arvest Bank in Bentonville without Jim as an advisor there,” Arvest Wealth Management president and CEO Jim King said. “Jim has seen Arvest grow and change through his many years of service, and has contributed to that growth in so many ways.

“But most importantly, for more than 30 years, Jim has helped so many customers achieve their financial goals with his personal passion and diligence. Jim has meant so much to Arvest, and we wish him all the best in his retirement.”

A reception to honor Cross will be held from 2-4 p.m. on Friday, March 29, at the Bentonville Conference Center.

About Arvest Bank
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. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.
 


 

Tags: Arvest Wealth Management, Associates, Bentonville
 

Arvest Bank Welcomes Two New Board Members in Springdale

Tuesday, March 12 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Patricia Montague and Scott Spradley have joined its Springdale board of directors.

Montague serves as senior vice president and administrator for Arkansas Children’s Northwest and has more than 30 years of experience in executive leadership in patient care delivery and pediatric nursing practice. She earned bachelor’s degree in nursing at Loretto Heights College in Denver, and a master’s degree in nursing administration at the University of Colorado Health Sciences Center.

“We are excited to announce that Patricia has joined our board,” said Kent Williamson, president for Arvest in Springdale. “She has been very instrumental in the opening of the new children’s hospital, which has been such a blessing to Springdale and the surrounding communities. We are so fortunate to have Trisha on our team. The medical community in Northwest Arkansas is ever-growing, and having Trisha’s expertise will bring a wealth of knowledge to our board of directors.”

Spradley is executive vice president & chief technology officer at Tyson Foods. He is responsible for establishing and driving strategies across all of Tyson’s technology platforms, information systems delivery, information security, and data and analytics. He has been named as one of ComputerWorld’s Top 100 Technology leaders and as CIO Magazine’s list of the Top 100 CIOs.

Spradley earned a bachelor’s degree at San Diego State University. 

“We have had our eye on Scott for some time,” Williamson said. “Technology is changing very rapidly, so adding Scott’s knowledge and unique skillset to our board could not come at a better time. We feel privileged to have him join our team and believe he will be a tremendous addition to our current board of directors.”

Tags: Arkansas, Arvest
 

Arvest Encourages Communities to “Feed the Pack” April 26

Friday, March 08 at 02:00 PM
Category: Arvest Community News

One-day donation drive to help reduce food insecurity locally

Arvest Bank associates and community volunteers will be stationed at major intersections and storefronts across Baxter and Marion Counties Friday, April 26, for the 4th Annual “Feed the Pack Day,” to collect monetary donations in an effort to reduce food insecurity in North Central Arkansas.

All donations benefit the Food Bank of North Central Arkansas’ Backpack Program that serves more than 600 children in Baxter and Marion counties alone. Donations also benefit several other organizations in the area that operate backpack programs. Such programs provide food for school children who face food insecurity on weekends and holidays when they don’t have access to school meal programs.

Volunteers will be located at the corner of Hwy. 62 and Cardinal Dr. in Mountain Home from 8 a.m. to 6 p.m. They also will be located outside Harp’s in Mountain Home and Yellville, Walmart in Mountain Home and Flippin, Fred’s in Yellville, SunFest in Gassville and Harp’s in Bull Shoals, all between 9 a.m. and 5 p.m.

“This is an opportunity in which a small donation can make a big impact. I hope our friends and neighbors will consider making a generous gift so we can reach a new milestone for the children of North Central Arkansas,” said Sally Gilbert, market president of Arvest Bank in Mountain Home. “One dollar translates into five meals for those facing food insecurity. We’re excited about what this day will bring and we are grateful to everyone in our communities who are contributing in any way toward this effort.”

Since Feed the Pack began in 2016, more than $59,000, which provided more than 295,000 meals, and 4,300 nonperishable food items have been collected during the one-day donation drive.

Donation updates to Feed the Pack will be provided throughout the day at www.baxterbulletin.com, and hourly on KTLO radio, with the final total being announced at 7 p.m. on KTLO.

The initiative is held in support of Arvest Bank’s 9th Annual Million Meals campaign that challenges bank associates, customers and community members to participate in fundraising efforts and nonperishable food drives to reduce hunger in the more than 135 communities the bank serves.

The goal of the two-month, bank-wide Million Meals campaign is to collect enough food or monetary donations to provide at least one million meals to local, hungry families. In 2018, more than 2.1 million meals were donated in conjunction with the campaign.

Donations to Million Meals may be dropped off at any Arvest Bank location by June 1 or by calling (866) 952-9523. Arvest credit card customers may donate Arvest Flex Rewards™ points by visiting arvestflexrewards.com and clicking on the Million Meals banner.

For more information on the Million Meals campaign, visit www.arvest.com/millionmeals.

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: 1 Million Meals, Mountain Home, North Central Arkansas

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