|Key People||Jim Walton (Chairman)|
|☎ Telephone number:||+1-800-601-8655|
|Routing number:||082900872, 103112976 (both Lowell, AR)|
|Number of employees:||More than 5,000|
|Number of locations:||More than 230 branches|
|ATM locator||Find here|
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Arvest Bank: Introduction
Arvest Bank appears to be a financial services company, which is based in Bentonville, Arkansas. Jim Walton, the chairman of this bank, appears to be a son of Sam Walton, the founder of Walmart and Sam’s Club.
The story of Arvest Bank began back in 1961 when a group of shareholders purchased The Bank of Bentonville in the town of the same name. Just two years later, this bank already acquired a small bank in the neighboring town of Pea Ridge, Arkansas. In 1975, another bank was purchased in that area, in the town of Rogers, Arkansas. At that point, all these three banks operated independently.
Throughout the 1980s, the bank has acquired 5 banks and 1 bank at the beginning of 1992. By 1929, Arvest Bank had reached $1 billion in assets. In the period between 1994 and 2003, the bank acquired other 9 banks in the states of Arkansas, Oklahoma, and Missouri. As of the present time, the bank operates in 16 local markets and tends to be the largest bank in Arkansas.
The key products of Arvest Bank include cash management services, asset management, trust, financial planning, insurance, investments, loans, credit cards, business services, home loans, savings, and checking.