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
 

Arvest Adds More Features to Arvest Go

Monday, April 09 at 02:00 PM
Category: Arvest News

We’ve got some good news—we’re releasing the first update to Arvest Go to make it even better. The app update includes several new features to make banking on your phone even easier and more convenient.

Beginning March 13, 2018, users can visit their mobile app store to get the most up-to-date version of Arvest Go. Also at that time, new users will be able to download the latest version via the App Store®* or Google Play*.

This update comes just four months after the successful launch of Arvest Go and is driven by actual customer feedback and our technology roadmap.

Arvest will continue to listen to our customers in determining future updates and added features. We are also keeping our eye on trends in mobile banking in order to continually offer the best we can for our customers. As always, providing exceptional customer service—whether in branch, on the phone or through our mobile and online products—is our top priority.

New Features The update to our Arvest Go mobile app will allow you to

  • Enjoy iPhone X user enhancements, like Face ID® log in;
  • Search through your account transactions with ease;
  • Schedule and edit recurring payments and transfers;
  • Initiate common banking functions quickly from your home screen or widget;
  • Enroll in e.statements; and
  • View your account information more easily on larger screens.

The update also includes minor bug fixes and other improvements.

What’s Arvest Go?

First launched in November 2017, the Arvest Go mobile banking app makes managing your personal accounts convenient, while providing a modern and individualized user experience. Arvest Go provides fast and easy control over your finances in a few quick taps.

With Arvest Go, users can log in using their fingerprint or passcode, enable Quick View to see account information at a glance, as well as customize their app by adding a profile photo and account nicknames.

If you are new to mobile and online banking with Arvest, simply visit with an associate at your local branch or call us at (866) 952-9523 to get a login ID and temporary password. Once you’ve installed Arvest Go on your phone, enter your credentials and follow the prompts to create a new password and set up your challenge questions and answers.

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

Tags: Arvest Go, Mobile Banking
 

Arvest Kicks Off Eighth Year of Fighting Hunger

Monday, April 02 at 02:00 PM
Category: Arvest News

Arvest Bank’s 1 Million Meals initiative 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 the United States Department of Agriculture reports more than 12 percent of American households surveyed in 2016 were food-insecure, meaning they lacked access to enough food for an active, healthy lifestyle for all household members.

Arvest is conducting its annual initiative in the spring for the third consecutive year due to the fact food banks report an increased need for food items in the summer, when many children do not have the benefit of eating meals at the schools they attend. Nationally, for example, the Food Research & Action Center said only one out of seven children who receive free or reduced-price meals during the school year continues to receive meals during the summer months. Donations to food banks also tend to be lower in the spring and summer than at other times of the year.

Arvest Bank kicked off the two-month, bank-wide effort to provide at least one million meals to local, hungry families today, and it will continue through June 2. The initiative will conclude later that month, when donations are presented to 75-plus locally selected organizations that feed the hungry in their communities.

To participate in the 1 Million Meals initiative, customers and community members can donate nonperishable food items or make monetary donations at any Arvest branch or call (866) 952-9523. Arvest credit card customers also 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.

Tags: 1 Million Meals

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