Arvest Bank Announces Spicer Move

Wednesday, April 25 at 09:00 AM
Category: Arvest News

Merissa Spicer, vice president and trust officer for Arvest Wealth Management (AWM), has moved offices, Arvest Bank announced today.

Previously based in Lowell and Bella Vista, Spicer now works at the Downtown Bentonville branch located at 201 NE A Street.

Among other duties, Spicer manages personal trusts, settles estates, and administers charitable trusts, Individual Retirement Accounts (IRAs) and agency accounts. She also specializes in the administration of Irrevocable Life Insurance Trusts (ILITs). Spicer has worked at Arvest since 1998, and in the trust department since 2004.

Spicer earned a bachelor’s degree in business management from the University of Arkansas at Little Rock. She also is a graduate of the Cannon Trust School and holds the designations of Certified Trust and Financial Advisor and Accredited Estate Planner®.

A current board member for the Bella Vista Animal Shelter, Spicer is active in numerous other civic endeavors. She and her husband, Lonnie, have two adult sons.

About Arvest

Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2017, operates more than 250 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 15 locally managed banks, each with its own board and management team. These banks serve customers in more than 120 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 CEO Kevin Sabin Welcomes Bear State Customers & Associates

Monday, April 23 at 12:00 PM
Category: Arvest News

As president and CEO of Arvest Bank, let me be among the first to offer a warm welcome to all of our new customers from Bear State Bank.

Like Bear State, Arvest is a customer-focused bank that prides itself on a commitment to our customers above all else. This has been true since our founding in 1961 and has held true for more than 55 years. Our mission statement is ‘People helping people find financial solutions for life,’ and we live it every day. 

We hope that will become evident to you as you explore our full range of products and services. From a variety of checking accounts to consumer and commercial loans to investments to servicing 99 percent of the mortgage loans we make, Arvest offers solutions tailored to your unique financial needs.

We also share Bear State’s commitment to the communities we serve. From our 1 Million Meals initiative to our People Helping People program to the dozens of groups and organizations we support throughout our four-state footprint, we are devoted to making the places we call home better places to work and live.

Arvest is currently in the midst of its eighth 1 Million Meals drive, in fact. We are off to a great start and looking forward to adding to our total of more than 11.4 million meals raised for families throughout Arkansas, Kansas, Missouri and Oklahoma. That includes more than $2 million in funds given directly to dozens of food partners. We also take pride in the fact that all food and funds raised in our communities stays in those communities.

I also want to welcome those who have been employees of Bear State and are now Arvest associates. We have been impressed by what we’ve seen from you as we’ve gotten to know more about Bear State, and we hope to now work alongside you for many years to come. Forbes magazine has recognized Arvest as one of America’s best employers in an independent, anonymous survey, and we are eager to share our culture with you.

Lastly, for all those associated with Bear State – both its customers and its employees – please know that this brief welcome is just the first step in welcoming you to Arvest. We will be communicating with you regularly and we sincerely look forward to growing our relationship with you.

Thank you,
Kevin Sabin
Arvest Bank President & CEO

Tags: Arvest
 

Arvest Bank Completes Acquisition of Bear State Financial, Inc.

Friday, April 20 at 04:00 PM
Category: Arvest News

Arvest Bank (“Arvest”) announced today the closing of its acquisition of Bear State Financial, Inc. (“Bear State”), the parent company of Bear State Bank.

As of Dec. 31, 2017, Bear State had assets of $2.16 billion, with $1.67 billion in loans and $1.5 billion in deposits, while Arvest had assets of $16.75 billion, with $10.44 billion in loans and $14.37 billion in deposits. As previously announced, this acquisition was a cash transaction valued at approximately $391 million. With the close of the deal, Arvest will have assets of approximately $18.76 billion. 

The acquisition adds new communities to Arvest’s footprint in northeast Arkansas, southwest Arkansas, southern Missouri and southeast Oklahoma. Bear State also has banking locations in 18 communities already served by Arvest. With the close of the deal, Arvest now serves more than 135 communities in Arkansas, Kansas, Missouri and Oklahoma.

Arvest and Bear State are now legally one bank, but will continue to operate under separate names until sometime this fall, when Bear State branches, accounts and operations will be transitioned to Arvest. Until that transition is complete, customers should continue banking at their current bank locations.

“We are pleased to welcome Bear State customers and associates to Arvest,” Arvest marketing director Jason Kincy said. “We have expressed from the beginning of this acquisition how excited we are to add these desirable communities to our footprint. Now we will start working together to combine the two companies to benefit our customers and the communities we serve.”

Bear State customers with questions should contact their local Bear State banker or Bear State’s solutions center at (866) 242-3324 or visit arvest.com/welcome.

Tags: Arkansas, Arvest
 

WACO Title Company and Pavaso Collaborate to Deliver e-notary Closing in Arkansas

Thursday, April 12 at 02:00 PM
Category: Arvest News

WACO Title Company (“WACO Title”) and Pavaso, Inc. (“Pavaso”) recently completed Arkansas’ first full e-notary closing since the Arkansas Legislature passed The Arkansas Electronic Notary Public Act in early 2017. WACO Title is an Arkansas-based title and settlement services company servicing Arkansas and Missouri. Pavaso is a provider of digital closing and collaboration solutions for the mortgage and real estate lifecycle.

The closing took place in the new WACO Title Headquarters in Springdale, Ark., and the real estate transfer document was electronically signed, notarized, and filed in the public records of Washington County.

“The idea of moving the closing process to a more electronic experience for consumers has been in the works for over a decade,” said Patrick Curry, president & CEO, WACO Title. “Waco Title and Pavaso have been among the leaders in this movement, which empowers the consumer and transforms the closing experience into one built upon transparency and efficiency. We look forward to continuing to utilize e-closing and e-notary technologies to benefit our customers and improve efficiencies.”

Curry also said Waco Title has 30 associates certified by the Arkansas Secretary of State with e-Notary commissions.

The e-closing process gained speed in Arkansas recently as the Arkansas Secretary of State began the process of commissioning e-notaries. In early 2017, the Arkansas General Assembly passed the Arkansas Electronic Notary Public Act, defining many standards necessary to protect the legitimacy of e-signed and e-notarized documents in the state.

“We are proud to help lead the way in making the e-Notary and e-Closing processes mainstream, and WACO Title is a proven ground breaker in these fields as well,” said Mark McElroy, CEO of Pavaso. “We are collaborating with government and the private sector in numerous states to make the process the norm, rather than the exception. The result is one of compliance, efficiency and accuracy – but most of all, it’s simply a smoother process for the consumer.”

McElroy further noted that Pavaso is approved in multiple states, including Arkansas, as an e-notary solution provider.

About WACO Title

WACO Title Company has been serving the abstract, title insurance and closing needs of this region since 1885 and employs over 190 highly skilled professionals, including five in-house attorneys, in 21 locations throughout Arkansas and Missouri. WACO Title and its employees are covered by a fidelity bond as well as errors and omissions insurance and maintains in-house title plants in each of the markets they serve. WACO Title’s growth and capabilities will continue to afford the people of Missouri and Arkansas a better, more efficient experience with the title and closing process. To learn more about WACO Title, please visit www.WACOtitle.com.

About Pavaso

Texas-based Pavaso is transforming the mortgage process with radically innovative digital mortgage closing technology facilitating fast, consistent, accurate and compliant closings every time. Pavaso offers a single, collaborative, secure portal promoting transparency, efficiency, consumer education and communication in a seamless format delivering value to evey stakeholder involved in the transaction. For more information on how you can streamline your process and digitally transform your organization, call us at 866.288.7051 or visit www.pavaso.com.

Tags: Arvest, WACO
 

Small Business Breakthrough: Sessions Scheduled for May

Thursday, April 12 at 02:00 PM
Category: Arvest News

Small Business Breakthrough: Start in Bentonville

May 1, 8:30-11:00am

Exchange Bentonville
409 SW A Street
Bentonville, Arkansas 72712 

Start in Bentonville is a two hour session aimed at helping potential entrepreneurs turn their side hustle into their main hustle. Come at 8:30am for networking, coffee and light breakfast items provided by The Buttered Biscuit. At 9:00am, we'll kick things off with Start-up Junkie's Ellen Brune who will talk about product market fit and market research. Then we'll roll into how to build your lean canvass with Jeff Amerine, also from Startup Junkie. Have an idea for a product or service that solves a problem? Come to this session and learn how to get your idea off the ground!


Register here:  https://bit.ly/2GAkooS

 

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Small Business Breakthrough: Reaching Beyond in Bentonville

May 2, 1:30-4pm

 

World Trade Center Arkansas
3300 S. Market St. 4th Floor
Rogers, Arkansas 72758

You’ve mastered your local market and you’re a small business rockstar here in Bentonville- but what's next?  Join us for this informative session and hear from experts on how to go beyond and capture international markets, get your product in with a large organization or even selling to the government. 

Register here: https://bit.ly/2ulKvuN

 

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Small Business Breakthrough: Grow in Bentonville

May 3, 9:30-noon

Walmart Auditorium
Bentonville Public Library
405 S. Main St. 
Bentonville, Arkansas 72712

Grow in Bentonville, presented by Arvest, is a two hour session that will help small business owners understand tax planning, financial management systems, and cash flow management. Come at 9:30am for networking, coffee and light breakfast items provided by Snack Lab. At 10:00am, we'll begin with Judy Coker, an Enrolled Agent in Northwest Arkansas. Judy is an income tax professional, licensed by the US Department of Treasury, to represent taxpayers before all levels of the Internal Revenue Service. Judy is an educator, a planner, and an advocate. She believes that even though she can't change a small business client's tax history, she can change their tax future. At 11:00am, Carolyn Kennedy, Director of Treasury Management for Arvest will discuss cash flow management and the affects it can have on your business. 

Register here: https://bit.ly/2DWnpu5

 

    

Tags: Arvest Benton County, Bentonville, Financial Education

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