Arvest Takes Top Prize at ADFA Governor’s Conference

Thursday, February 07 at 02:00 PM
Category: Arvest News

The Arkansas Development Finance Authority hosted the Governor’s Conference on Homeownership Feb. 4-5 in Little Rock, and Arvest Bank’s mortgage division was recognized during the awards portion of the two-day event. Arkansas Gov. Asa Hutchinson, far left, and Arkansas Development Finance Authority (ADFA) president Cheryl Schluterman, far right, stand with Arvest Bank associates as they accept the 2018 ADFA Lender of the Year Award in Little Rock earlier this week.

Arvest, which also sponsored the conference, won the 2018 ADFA Lender of the Year Award. The award came as a result of Arvest originating the most loans with the ADFA, using its down payment assistance program. 

The ADFA’s stated mission is to promote economic growth in the state of Arkansas by providing and supporting financing for affordable housing, agricultural business enterprises, industrial and economic development, capital improvement for state agencies and local governments, higher education funding and related programs, and by promoting better economic policy. 

“Arvest Bank respects and appreciates the vital role the ADFA plays in our state,” said Jim Cargill, president and CEO for Arvest in central, southwest and northeast Arkansas. “It’s a group that works really hard to raise the standard of living in Arkansas, and we are proud to work with them when opportunities arise. We are thrilled to be recognized as the 2018 ADFA Lender of the Year, and hope for even bigger and better things in 2019 and beyond.” 

The conference included numerous breakout sessions, comments by Arkansas Governor Asa Hutchinson, and a keynote address by Lawrence Yun, chief economist and senior vice president of research at the National Association of REALTORS®.

 

PHOTO: Arkansas Gov. Asa Hutchinson, far left, and Arkansas Development Finance Authority (ADFA) president Cheryl Schluterman, far right, stand with Arvest Bank associates as they accept the 2018 ADFA Lender of the Year Award in Little Rock earlier this week.

 

Tags: Arkansas, Mortgage
 

Arvest Equipment Finance Sets Record for New Production

Tuesday, February 05 at 09:00 AM
Category: Arvest News

Arvest Equipment Finance (AEF) closed more than $161 million in new production in 2018, a record total for the division of Arvest Bank, it was announced today.

That represents a 52-percent increase in gross production year-over-year.

“I am proud of this team accomplishment and excited about our future growth,” AEF president Eric Bunnell said. “John Bradford, AEF sales manager, has done an excellent job leading the sales team in this record production. We continue to see strong support from the commercial lenders throughout the bank footprint and increase our presence in their markets.

“The vendor production also continues to grow as we expand our external sales team and work with more dealers to offer financing solutions for their customers.”

AEF also increased its total portfolio from $248.6 million to $310.1 million – a 24.7 percent jump – from 2017 to 2018.

Additionally, AEF announced a round of recent promotions for Matt Crawley, John Harders and Josh Smith. Crawley, a Certified Lease and Finance Professional (CLFP) was named division control manager after serving since 2011 as AEF’s asset manager. In his new role, he will oversee the compliance, controls and audits, among other responsibilities.

Harders, who has served as an AEF sales support specialist since 2009, was promoted to operations manager. Also a CLFP, Harders will manage AEF’s bank sales support specialists in his new role.

Smith was promoted from vendor sales support specialist to vendor program manager. As such, he will oversee AEF’s vendor operations while managing the vendor sales specialists and administrators. Smith has been with AEF since 2015 and also holds the CLFP designation.

“These three managers will help guide and lead our team to continued growth,” Bunnell said. “It is always satisfying when we can promote from within”

AEF is headquartered in Fort Smith, Ark., with locations in Little Rock, Kansas City and Tulsa, and does business throughout Arvest’s four-state footprint.

Tags: Arkansas, Arvest, Arvest Equipment Finance
 

A Spin on Spending - Reducing Debt

Monday, February 04 at 09:00 AM
Category: Arvest News

Many people have debt they’re struggling to get out from under – one way to reduce this is by being forward thinking and taking it head on. 

Paying down your balance should be one of your top priorities. If you can afford it, pay off large amounts of your debt at one time or pay more than the minimum on your credit card balance each month.

Open a Savings Account. This may sound counterintuitive if you’re trying to get out of debt since you could be using this money to pay off your debt instead of saving it. But, an emergency fund in your Arvest Bank savings account can actually keep you from creating more debt by providing you with a safety net you can use instead of a credit card when an emergency comes up.

Setting a budget and tracking your spending isn’t always easy, but it’s the simplest way to know for sure where your money is going. Knowing your spending habits, and making a few conscious changes each month can bring you closer to your financial goals. 

Tags: A Spin on Spending, Arvest, Savings
 

Arvest Go Mobile App: Have you Made the Switch??

Thursday, January 31 at 02:00 PM
Category: Arvest News

Arvest mobile banking customers, is your banking app Arvest Go? 

If it’s not Arvest Go, and you still use our previous app, please note: It’s time now to download Arvest Go, to be ready before your current app goes away on February 12. The previous Arvest app is discontinued and will soon stop working. 

 

In order to avoid a disruption in service on February 12, please download and install Arvest Go through your phone’s app store (iPhone* or Android. *)

In order to avoid a disruption in service, please download and install Arvest Go through your phone’s app store (iPhone* or Android. *

Just follow these steps and you’re good to go: 

  • Update your phone’s operating system, if necessary.1 (Step-by-step directions available at Apple support* and Google support.*)
  • Download and install Arvest Go through your phone’s app store (iPhone* or Android. *)
  • Log in with your current Login ID and password.
  • Begin using Arvest Go for mobile banking.
  • Delete the discontinued previous Arvest mobile banking app. 

If your current app stops working before you update your system and download Arvest Go, you can access your account by visiting arvest.com on your mobile web browser and logging in to Mobile Web BlueIQ

For iPad® users: Please use Online Banking with BlueIQ, easily accessed through any tablet’s browser, for an optimal banking experience. For more information, visit arvest.com/downloadgo. 

New to mobile banking or have questions?  

If you’re new to mobile and online banking with Arvest, visit with an associate at your local branch or call us at (866) 952-9523 for a login ID and temporary password. 

If you have questions regarding these upcoming changes, call us at (866) 952-9523. Our goal is to continually improve your banking experience with updated products and services. 

Thank you for banking with Arvest. 

1Arvest Go requires at least Apple iOS 9 or Android 5 Lollipop. We recommend the most current operating system to make sure you get everything Arvest Go has to offer. 

* 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, Online Services
 

Avoiding Home Improvement Scams

Wednesday, January 30 at 02:00 PM
Category: Arvest News

Signs of a Home Improvement Scam

Finding a capable and reliable contractor is important — a home improvement project gone wrong can cost you more than money; it can lead to delays, subpar work, and even legal problems.

A good ad isn’t proof a contractor does quality work. Find out for yourself. Check with friends, neighbors, or co-workers who’ve had improvement work done. Also check out a contractor’s reputation on online ratings sites you trust. Get written estimates from several firms, keeping in mind the lowest bidder may not be the best choice.

How can you tell if a contractor might not be reputable? Don’t do business with someone who:

  • Pressures you for an immediate decision.
  • Only accepts cash, asks you to pay everything up-front, or tells you to borrow money from a lender the contractor knows.
  • Is not licensed. Many states, but not all, require contractors to be licensed and/or bonded. Check with your local building department or consumer protection agency to find out about licensing requirements in your area.
  • “Just happens” to have materials left over from a previous job.
  • Knocks on your door for business or offers you discounts for finding other customers.
  • Asks you to get the required building permits.
  • Tells you your job will be a "demonstration” or offers a lifetime warranty or long-term guarantee.
  • Doesn’t list a business number in the local telephone directory.

For more tips, check out Hiring a Contractor.

The Home Improvement Loan Scam

Here’s how it works: a contractor calls or comes to your door and offers a deal to install a new roof or remodel your kitchen. He says he can arrange financing through a lender he knows. After he starts, he asks you to sign papers; they may be blank — or he might hustle you along and not give you time to read through them. Later you find out you’ve agreed to a home equity loan with a high interest rate, points, and fees. What’s worse, the work on your home isn’t done right or isn’t completed, and the contractor — who may already have been paid by the lender — has lost interest.

To avoid a loan scam, don’t:

  • Agree to a home equity loan if you don’t have the money to make the payments.
  • Sign a document you haven’t read or that has blank spaces to be filled in after you sign.
  • Let anyone pressure you into signing any document.
  • Deed your property to anyone. Consult an attorney, a knowledgeable family member, or someone else you trust if you’re asked to.
  • Agree to financing through your contractor without shopping around and comparing loan terms.

Source: Federal Trade Commission

Tags: Consumer Protection, Financial Education

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