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
 

“Egged” Yards Provide 3,000 Meals in Arvest Bank Campaign

Friday, April 20 at 02:00 PM
Category: Arvest Community News

Arvest Bank associates in Harrison lent the Easter Bunny a hand last weekend by decorating homeowners’ yards with colorful, surprise-filled Easter Eggs for children to discover Easter morning.   

The project called “Egg My Yard” collected enough donations to provide 3,000 meals to Ozark Share and Care, a local emergency services program that houses a food pantry and provides other necessary items.  

The event was a fundraiser for Arvest Bank’s annual 1 Million Meals campaign that collects nonperishable food items and monetary donations to reduce food insecurity in communities.  

“This is a great start to our annual campaign and we hope to keep the momentum going during the next two months,” said Scott Tennyson, market president of Arvest Bank in Harrison. “Our associates enjoy getting creative in their fundraising efforts, so we hope our friends and neighbors across the community will take part in these efforts to reduce food insecurity for the months to come.”  

Harrison residents had three decorating and price options ranging from an “egged yard” that included 35 eggs for $30, 55 eggs for $40 or 75 eggs for $50.  

Arvest Bank’s two-month 1 Million Meals campaign, that is in its eighth year, challenges Arvest associates, customers and the general public to donate nonperishable food items or monetary contributions at any Arvest Bank location across the four-state footprint of Arkansas, Oklahoma, Missouri and Kansas the bank serves. The goal of the initiative is to collect the equivalent of one million meals that will be donated to local food pantries and other hunger relief organizations or programs. In Harrison, Arvest Bank has partnered with Ozark Share and Care that will receive all of the donations made in the community.  

Since Arvest Bank began the 1 Million Meals campaign in 2011, the Harrison community has collected 181,830 meals for local food partners.  

Additional information on how to contribute to Arvest Bank’s 1 Million Meals campaign may be found at www.arvest.com/millionmeals.

 

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. 

Tags: 1 Million Meals, Harrison, North Central Arkansas
 

El Chico to Hold Give Back Night

Thursday, April 19 at 12:00 PM
Category: Arvest Community News

El Chico restaurant in Mountain Home is holding a give back night to help reduce food insecurity in the community. On Tuesday, April 24 from 5-9p.m., El Chico will donate 10 percent of the total meal sales that are purchased to Arvest Bank’s Feed the Pack initiative. 

Feed the Pack is a one-day donation drive in the communities of Mountain Home, Gassville, Flippin and Yellville that raises money for the Food Back of North Central Arkansas’ backpack program, as well as other local backpack programs from other hunger relief organizations in the area. Backpack programs provide supplemental snacks for children on weekends and holidays, times when they don’t have access to school meal programs and face food insecurity at home.

Arvest Bank created Feed the Pack Day in 2016 and has collected $35,000 during the past two fundraising drives, equating to 175,000 meals for local children who are supported by backpack programs.

“This is a great opportunity for our community to have dinner together and support a very important cause at the same time,” said Sally Gilbert, market president of Arvest Bank in Mountain Home. “Any of us could face food insecurity, at any time, so I hope we can come together to support the hundreds of children who benefit from these programs, and that we keep donations top of mind throughout the year.”

In order for 10 percent of the meal ticket to be contributed to the Feed the Pack initiative, customers must present a voucher from Arvest Bank. Vouchers may be picked up at any Arvest Bank location in Mountain Home. El Chico is located at 45 Charles Blackburn Drive in Mountain Home.

Feed the Pack Day is one of several grassroots projects that is held in support of Arvest Bank’s 8th Annual 1 Million Meals campaign that collects nonperishable food items and monetary donations in support of hunger relief efforts across the four-state territory Arvest serves. All donations made in Mountain Home remain local to support the Food Bank of North Central Arkansas’ backpack program and the various hunger relief organizations it supports through other backpack programs.

Mountain Home residents can participate in 1 Million Meals by dropping off nonperishable food items or monetary donations at any Arvest Bank branch or by calling (866) 952-9523. Arvest credit card customers can donate Arvest Flex Rewards™ points by visiting arvestflexrewards.com and clicking on the 1 Million Meals banner. Every dollar raised through 1 Million Meals provides the equivalent of five meals for those in need.

For more information about 1 Million Meals, visit arvest.com/millionmeals.

Tags: Arvest, Mountain Home
 

Arvest Bank Community Garden: Planting Urban Roots

Thursday, April 19 at 12:00 PM
Category: Arvest Community News

Tucked next to the Arvest Bank on Blue Ridge Blvd in Kansas City, Mo. is a local community garden where Arvest associates work together to create community involvement and empowerment. This urban oasis can be a sigh of relief from the hustle and bustle of everyday life – for both the green thumbed volunteers who till the soil and those who reap the harvest.

The seed for these twelve raised beds was planted in 2014 when we recognized a need for proper access to nutrition and food in the community. Residents in the area have the opportunity to rent a bed, giving access to fresh fruit and vegetables in a community with little green space for growing.

With each season, Arvest is able to harvest an abundant amount of sweet potatoes and tomatoes of which is donated to Raytown Emergency Assistance Program (REAP). Their emergency food pantry strives to provide each family enough food to last two to three weeks. Arvest is proud to partner with REAP to help them meet this need.

Our volunteers have experienced many successful harvest seasons and anticipate this year being no different. This dedicated team of Arvest associates will soon begin preparing for the upcoming growing season.

Have a green thumb? Are you interested in getting involved in a local community garden? Contact us at 913-261-2265 to learn more!

Tags: Kansas City, Missouri
 

Arvest Bank in Lead Hill Hosts Father/Daughter Dance & Fundraiser

Wednesday, April 18 at 10:00 AM
Category: Arvest Community News

Associates at the Arvest Bank branch in Lead Hill will host a father/daughter dance on April 28 from 4-6p.m. in the Lead Hill School cafeteria located at 6966 Milum Road. The event is an opportunity for dads and daughters to spend quality time together, but also is a fundraiser for Arvest Bank’s 8th Annual 1 Million Meals campaign that works to reduce food insecurity in the more than 120 communities Arvest serves.

“Children often want to give back to their community, but often they don’t know how they can help,” said Tiffany Watkins, assistant vice president and marketing director for Arvest Bank in North Central Arkansas. “This dance is focused on quality time for dads and their daughters, and it presents a great opportunity to help other children in our area, and teach about community service as well.”

Tickets to the father/ daughter dance may be purchased at the Arvest Bank branch in Lead Hill located at 167 W. Hwy. 14, or at the dance. Tickets are $10. Light refreshments will be served at the event.

The 1 Million Meals campaign challenges bank associates, customers and community members to participate in fundraising efforts and nonperishable food drives to fight hunger in the more than 120 communities the bank serves. The initiative is needed, as Arkansas ranks 5th among the most food-insecure states in the nation, according to the United States Department of Agriculture.

Lead Hill residents can participate in 1 Million Meals by dropping off nonperishable food items or monetary donations at Arvest Bank or by calling (866) 952-9523. Arvest credit card customers can donate Arvest Flex Rewards™ points by visiting arvestflexrewards.com and clicking on the 1 Million Meals banner. Every dollar raised through 1 Million Meals provides the equivalent of five meals for those in need.

To learn more about 1 Million Meals, visit arvest.com/millionmeals.

For questions or additional information on the father/daughter dance, call (870) 449-7260.

 

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.

 

Tags: 1 Million Meals, North Central Arkansas

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