Arvest Bank Group

The Arvest Bank Group has a wide variety of loan options available.  These include home equity loans and lines of credit, vehicle loans, recreation loans, personal loans, construction and real estate loans, home improvement loans, and of course FHA, VA conventional, fixed and adjustable rate home loans.  Many, but not all, loans may be applied for over the internet.          

States Served by Arvest Bank Group

The Arvest Bank Group serves the states of Arkansas, Oklahoma and Missouri.  Beginning in 1963 when a majority interest in the Bank of Bentonville was purchased by Sam Walton, Arvest Bank Group was formed by a series of acquisitions of community banks.   Beginning in Central Oklahoma and then branching out into Arkansas, the Arvest Group then expanded into Missouri.  Arvest Bank was formed in 1995.  It is a federally chartered thrift and the largest banking group headquartered in Arkansas.  2003 proved to be a year of intense growth with the purchase of Superior Federal Corporation which gave Arvest Bank Group an entry into many markets from which it was previously absent.  Arvest now boasts over 200 branches and 252 ATM locations all across Arkansas, Missouri and Oklahoma.  Jim C. Walton is Chairman and Chief Executive Officer of the Arvest Bank Group which has over 2,700 employees.  In 2005 the Arvest Bank Group had a pre-tax profit of $92 million and they hold assets of $7263 million.

The Arvest Bank Group's mission statement is “People helping people find financial solutions for life”.  They are community banks focusing on the needs of the local community.  They are committed to the development of their communities.  Each bank is allowed to make its own loan decisions as they are aware of the needs of the local population.  The fact that these banks are commonly owned makes it easy to conduct business in any one of them, however.

Benefits of Arvest Bank Group

Arvest Bank Group understands the needs of its customer base and tries to makes working with a financial advisor easy for its customers.  That’s why  20 to 25% of the banks employees are bilingual Spanish.  The Hispanic customer makes up a significant portion of Arvest customer base and According to the Home Mortgage Disclosure Act their loans were approved at a rate of 62%.  Caucasians were approved at a rate of 69%.  The Arvest Bank Group is willing to work with people who have no previous credit history, but can put a significant amount into a down payment.  Because of their ties to the community, they will find a way to made home ownership work for their customer.

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