Arvest Mortgage Sets Purchase-Money Record

Thursday, November 01 at 02:00 PM
Category: Arvest News

Arvest Bank announced today its mortgage division has originated more than $1 billion in purchase-money mortgage loans in 2018, the third time it has done so in its history.

Arvest hit the $1 billion mark on Sept. 26, more than three months earlier than the previous two times it reached that milestone. Purchase-money loans are used to buy a home, as opposed to refinances and other types of loans.                       

“Home sales are driving the majority of our mortgage business this year, and reaching this $1 billion milestone has been even more remarkable given the rising interest rates and the housing inventory issues in some of our markets,” said Steven Plaisance, president and chief executive officer of Arvest’s mortgage division.

Arvest regularly originates more than $1 billion in mortgage loans – both purchase-money and refinances – having done so earlier in 2018 for the 16th consecutive year.

“Our team of mortgage professionals – from the start of your home loan process through servicing those loans long after you close it – are well-qualified to handle all the unique needs we see on a day-to-day basis,” Plaisance said. “Our mission statement of ‘People helping people find financial solutions for life’ is central to the mortgage services we offer and the team we build to execute those services.”

As of Sept. 26, Arvest had closed a total of 5,519 purchase-money loans with total loan value of $1,002,521,772. As of the same date in 2017, Arvest had closed 4,938 purchase-money loans with total loan value of $857,159,409. This year’s numbers represent an 11.7 percent increase in number of loans and a 16.9 percent increase in volume.

“We are privileged to work with so many Realtors®, brokers, builders and other housing professionals in all of our markets,” Plaisance said. “Being available to all of them and offering a variety of mortgage solutions for all of the communities we serve benefits everyone involved.”

Arvest is unique among most local lenders in that it services 99 percent of its mortgage loans, meaning that customers make their payments to Arvest and deal with Arvest for any needs after their loan closes.

Tags: Arkansas, Arvest, Kansas, Missouri, Mortgage, Oklahoma

NWACC Foundation Receives $15,000 Donation

Thursday, November 01 at 08:00 AM
Category: Arvest Community News

A $15,000 donation from the Arvest Foundation was presented to the NorthWest Arkansas Community College Foundation to name two meeting rooms located on the first floor in the NWACC Washington County Center in Springdale. These rooms will be used by faculty, staff, students, and the community.

The gift was announced recently at the construction site of the new NWACC Center in Springdale. Kent Williamson, Matt Harger and Jacob Barnes of Arvest Bank were on hand to present the check to Brenda Green, associate vice president, NWACC Washington County Programs, Evelyn Jorgenson, NWACC president, Mike Luttrell, NWACC Foundation board chair and Joe Spivey, NWACC board of trustee chair.

“NWACC is so appreciative of this support from the Arvest Foundation for our new facility in Washington County, and the difference it will make for so many students in the region,” Jorgenson said.

“Community support for this project is vitally important to its success, and we thank Arvest for its commitment to affordable and accessible education for all northwest Arkansas residents,” said Mike Luttrell, NWACC Foundation board chair.

“We are pleased to present this donation on behalf of the Arvest Foundation to help support the expansion of NWACC,” Williamson said “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to support education in the region.”

Tags: Arkansas, Arvest, Springdale

Scott County Senior Citizens to Receive Grant

Wednesday, October 31 at 02:00 PM
Category: Arvest Community News

Scott County Senior Citizens Center will have the opportunity to make updates to their kitchen thanks to a $4,000 donation from the Arvest Foundation.

The gift was announced today at an Arvest Bank open house in Waldron. Shelley Buckles and Ted Sheets of Arvest Bank were on hand to present the check.

Scott County Senior Citizens director Donna McCray said, “We are very excited and thankful for the generous donation made to Scott County Senior Citizens Inc. by the Arvest Foundation. The donation will provide us with the opportunity to replace our hot food serving table. This donation will increase our ability to provide hot, nutritious meals to our senior citizens of Scott County.”

Arvest branch manager Shelley Buckles said, "While visiting with Donna we learned of the need for updates to the kitchen at the Scott County Senior Citizens Center. One of the many services the center provides to the citizens of Scott County are hot, nutritious meals for those that want to come to the center and, a meals on wheels program that provides hot, delivered meals to homebound senior citizens. We are thrilled to be able to provide this grant for Scott County Senior Citizens Center so that they can keep providing this great service to our community."

Tags: Arkansas, Arvest

Arvest Bank Adds Rodriguez to Business Team

Wednesday, October 24 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has added a new member, Gilbert Rodriguez, to its business banking team in Benton County.

Rodriguez has worked at Arvest for more than 10 years and in a variety of roles, most recently as branch manager at the Village on the Creeks location. In his new role as a business banker, he will develop commercial relationships within the community and generate loans according to loan policy, as well as actively manage commercial banking relationships through proactive customer contacts, among other responsibilities.

“Gilbert’s passion for helping others and his knack for building relationships make him a great fit for our business banking team,” Arvest business banking manager Graydon Rochelle said. “This is an exciting and well-deserved move for him, and we look forward to great things from Gilbert and for the customers he serves.”

Rodriguez went to high school in El Salvador and later became a licensed minister after coming to the United States. He lives with his wife and son in Rogers, where he also serves as a Sunday School teacher at Keypoint Church. 

Tags: Arkansas, Arvest, Arvest Benton County

Arvest Bank Reaches Property Agreement with Harrison Convention & Visitors Bureau

Monday, October 22 at 08:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has reached an agreement to sell one of its existing facilities to the Harrison Convention & Visitors Bureau at a reduced price as an in-kind gift.

The Harrison Convention & Visitors Bureau currently leases space at 200 W. Stephenson Ave., a building previously owned by Bear State Financial, Inc. Arvest took over ownership of the building via its acquisition of Bear State.

As a result, Arvest has decided to sell the building to the Harrison Convention & Visitors Bureau at a greatly reduced price of $20,000.

“The Harrison Convention & Visitors Bureau is an important organization in our community and provides many benefits for those of us who call this area home,” said Scott Tennyson, market president for Arvest in Harrison. “We are glad to reach this agreement that will not only allow the bureau to stay in the place it has called home for several years, but also to own a larger space that it can leverage for numerous uses in the future.

“This gift also reflects our shared commitment to the growth and vitality of our downtown area.”

As a sign of appreciation, the Harrison Convention & Visitors Bureau will name the building’s existing board room the Arvest Bank Conference Room.

“We appreciate the generosity Arvest Bank has shown in helping us reach this agreement,” Harrison Convention & Visitors Bureau executive director Matt Bell said. “We look forward to continuing to fill our role in the Harrison community, and this expanded workspace will help us do that. This agreement also is one that will provide long-term financial benefits to the bureau.”

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: Arkansas, Harrison

Illinois River Watershed Partnership Receives $8,600 Donation

Monday, October 22 at 08:00 AM
Category: Arvest Community News

The programs led by the Illinois River Watershed Partnership (IRWP) got a boost in its education and outreach efforts thanks to a $8,600 donation from the Arvest Foundation.

The gift was announced recently at the Illinois River Watershed Partnership in Cave Springs. Kurt Price, Lindsey Taylor and Ashley Allen of Arvest Bank were on hand to present the check to Nicole Hardiman, executive director of IRWP.

IRWP works to improve the integrity of the Illinois River through public education and community outreach, water quality monitoring, and the implementation of conservation and restoration practices throughout the watershed.

“IRWP is honored to receive support from the team at Arvest Bank,” Hardiman said. “Arvest’s contribution enables us to provide Northwest Arkansas schools with free field trips to IRWP’s Learning Center in Cave Springs. Serving around 2,000 students per year, our staff provides opportunities for students to learn about water quality, healthy ecosystems, and what they can do to conserve natural resources through interactive games and activities. Sponsors like Arvest make IRWP’s K-12 programming possible and we are so very thankful.”

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Illinois River Watershed and its efforts to host upcoming school and community events,” said Price, Arvest’s Private Banking manager in Siloam Springs. “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to supporting all of the communities we serve." 

Tags: Arkansas

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