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Arvest Bank

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99 reviews

About Arvest Bank

Arvest Bank Group operates more than 240 locations in Arkansas, Kansas, Missouri, and Oklahoma. Through Arvest Bank, it provides traditional services such as checking and savings accounts, CDs, and credit cards. The bank's lending activities mainly consist of commercial real estate loans, residential mortgages, and business, construction, and consumer – more... loans. The group maintains a decentralized structure of about 15 individually chartered banks; local managers and directors control lending decisions and deposit rates in many communities. Descendants of Wal-Mart founder Sam Walton (including bank CEO Jim Walton, a son of Sam and one of the richest men in America) control Arvest Bank Group.

In addition to Arvest Bank, the group also operates through Arvest Mortgage and Arvest Asset Management, which provides investments, retirement planning, trust services, online brokerage, and life and health insurance.

Arvest Bank Group has grown to be the biggest bank in Arkansas largely via acquisitions, but has recently set its sights beyond the state. The company expanded into Kansas when it bought Caney Valley Bancshares in 2007. It extended its reach in the Kansas City market in 2009 by buying three branches there from Harrington West Financial Group. Arvest later built on that acquisition when it acquired all of the deposits of the failed SolutionsBank, adding six more Kansas branches to its network.

Arvest Bank's revenues increased in 2010, but income was down slightly as expenses for salaries, employee benefits, premises, and equipment rose. The bank compensated by reducing the amount of deposits it carried on its books. – less

Arvest Bank Employer Reviews

Commercial loan assistant (Current Employee), Tulsa, OKMarch 25, 2015
Financial Representative (Current Employee), Kansas City, MOMarch 23, 2015
Credit Analyst (Current Employee), Oklahoma CItyMarch 19, 2015
Assistant Branch Manager (Former Employee), Branson West, MOMarch 6, 2015
Financial Sales Representative (Former Employee), Rogers, ARFebruary 25, 2015

Arvest Bank Salaries

$10.00 per hour
Based on 16 employees
Branch Manager
$32,678 per year
Based on 9 employees
Customer Service Representative
$10.75 per hour
Based on 7 employees
Bank Teller
$20,000 per year
Based on 6 employees
$17,000 per year
Based on 6 employees