Arvest Equipment Finance Again Recognized by MonitorDaily

Friday, August 24 at 09:00 AM
Category: Arvest News

Arvest Equipment Finance (AEF) has been recognized once again by MonitorDaily, a leading publication of the equipment leasing and finance industry.

The publication recently released the 2018 Monitor 100, its annual ranking of the largest equipment finance/leasing companies in the United States. AEF climbed one spot to No. 84 after being ranked 85th last year. This is the fourth consecutive year AEF has been ranked on the list, landing at No. 100 in 2014 and No. 93 in 2015.

AEF ended 2017 with $248.6 million in loans and leases. That’s up 5.9 percent from 2016’s $234.7 million, according to MonitorDaily.

“We continue to experience record growth in our overall production,” AEF president Eric Bunnell said. “Our team does a great job of working with the lenders in the bank markets to find equipment finance opportunities, as well as developing new vendor relationships.”

AEF, a division of Arvest Bank, also ranked 50th on MonitorDaily’s list of the top 50 bank-owned equipment finance companies in the U.S. This marks the second time AEF has appeared on the top 50 list, which focuses on the performance of banks actively engaged in the equipment finance industry, including net asset size, new business activity and market share, as well as other portfolio metrics, highlights and forecasts.

Additionally, AEF ranked 48th in production within the bank-owned segment, up two spots from last year.

“The AEF team is very committed and takes a lot of pride in these accomplishments,” Bunnell said. “Our associates are dedicated and work hard to exceed customers’ expectations, which makes AEF successful.”

Tags: Arvest Equipment Finance
 

Arvest Equipment Finance Announces Crawford Hiring

Wednesday, August 22 at 09:00 AM
Category: Arvest News

Arvest Bank is pleased to announce Katie Crawford has been hired as a business development representative for Arvest Equipment Finance (AEF).


With more than 12 years of industry experience, Crawford most recently worked as a private banking advisor for Arvest in Benton County. In her new role at AEF, a division of Arvest, Crawford will use her commercial lending experience to develop new vendor/dealer relationships throughout Northwest Arkansas. She will be based out of the Arvest location at Village on the Creeks in Rogers.  

“We are excited to add Katie to our AEF team,” AEF president Eric Bunnell said. “As we continue to grow and expand our vendor program, we believe Katie can contribute by adding key relationships in Northwest Arkansas.”

Crawford earned a bachelor’s degree in business and finance from the University of Louisiana – Monroe. She and her husband live in Rogers with their two daughters, and attend First Baptist Church of Lowell. She is a current board member of the Mercy Health Foundation Corporate Partners Council, among other civic endeavors.

Tags: Arvest
 

Arvest Bank Announces Pitts Promotion

Tuesday, August 21 at 02:00 PM
Category: Arvest News

Arvest Bank is pleased to announce Jessica Pitts has been promoted to consumer loan advisor.

Pitts has experience in a variety of roles at Arvest, most recently as a mortgage sales assistant. In her new role, she will engage in external business development activities, as well as the generation of consumer loans, among other duties.

“Jessica started with Arvest in 2010 and has worked in both retail and lending, and throughout those positions she has always exhibited excellent customer service and a willingness to do what was needed to get the job done,” Arvest consumer lending sales manager Jack Farley said.

Pitts earned a bachelor’s degree in economics and finance at Arkansas Tech prior to joining Arvest. She lives in Clarksville with her husband, Garrett, and their two daughters. 

Tags: Associates
 

CONSUMER ALERT: ‘Credential Harvesting’ Phishing Scams

Tuesday, July 31 at 02:00 PM
Category: Arvest News

Consumers need to be aware that credential harvesting phishing scams are on the rise.

As part of this phishing scam, criminals are sending personalized email messages with an alarming subject line, such as “Card Deactivation.” The emails include a button to “cancel” the deactivation process, which, once clicked, takes victims to a fake web page that requests user IDs, passwords, and answers to their security questions. Here some other commonly used subject lines used in these scams:

  • Online Banking Alert: Your Account will be Deactivated
  • Dear Valued Customer
  • Failed Package Delivery
  • Reviewing Payments
  • Serious Issues

Arvest Bank would like to remind our customers Arvest will never email, text, or call you unsolicited to ask for account information, social security numbers, online banking credentials, or other sensitive information.

What to Do

If you get an email that appears to be from Arvest Bank and is asking you to click a link and enter data, do not respond.

  • If you received an e-mail like this and entered your personal information, please contact us immediately at (866) 931-9743 so that we can protect your account.
  • If you received an e-mail like this, but did not divulge confidential information, please notify us via email at reportfraud@arvest.com. If possible, please include the original e-mail that you suspect is part of the phishing scam. 

Phishing scams come in a variety of forms. Although most are similar to this one, involving a spoofed email alert, others come in the form of customer service surveys, telephone calls, or even cell phone text messages. Please be aware that while most phishing scams direct you to fake websites, others may ask you to call a phone number where an automated phone system prompts you to divulge confidential information.

While it can be difficult to identify spoofed email messages, websites, and automated phone systems, it is not difficult to know if any of the above may be related to a fraudulent phishing scam. The key is knowing that legitimate businesses do not send messages to customers prompting them to divulge confidential information. If you receive such a message, no matter how genuine it may appear, assume it to be fraudulent and please notify the legitimate business immediately. 

Please visit our Consumer Protection section for information on identity theft, fraud, scams and online threats.

This post was updated on 8/2/2018

Tags: Fraud Alert
 

Arvest Bank Hits $1 Billion Mortgage Mark for 16th Straight Year

Wednesday, July 25 at 08:00 AM
Category: Arvest News

Arvest Bank announced today that its mortgage division has originated more than $1 billion in mortgage loans for the 16th year in a row. That includes both purchase-money and refinance loans. This is the earliest the bank has reached the $1 billion mark since 2013, indicating a strong real estate market in the communities the bank serves.

“We continue to be honored and humbled that so many customers choose Arvest for their mortgage needs, whether that’s purchasing or refinancing a home,” said Steven Plaisance, president and chief executive officer of Arvest’s mortgage division. “It’s also worth noting that the majority of loans we are issuing continue to be purchase-money loans, a sign that our markets are healthy and that rates are still very attractive. Our team of mortgage bankers has been highly energized by the solid housing activity, and finds no better satisfaction than helping our customers throughout the entire home loan process.”

Arvest reached the $1 billion mark almost a month sooner than it did last year. As of June 29, Arvest had closed a total of 5,438 loans with a total loan value of $1,006,911,116. In 2017, the bank reached the $1 billion mark on July 24.

“The housing market has stayed robust, with competitive lending rates and strong home sales in many areas,” said Plaisance. “I think these results reflect strong consumer confidence as well.”

This is the fifth consecutive year in which purchase-money loans account for more of Arvest’s total mortgage loan volume than refinances. Through June 29, purchase-money loans accounted for 66 percent of the company’s total loan volume. That’s up from 64 percent in 2017.

Also through June 29, Arvest made 3,621 purchase-money loans with a volume of $667,247,854. That’s up from 3,183 loans and $553,997,133 in volume compared to year-to-date totals on June 29, 2017.

Arvest’s overall 2018 volume of $1,006,911,116 – on 5,438 loans as of June 29 – is up from $870,514,377 on 4,964 loans as of the same date in 2017. That’s a 15.7 percent increase.

The average loan size also increased, from $175,365 in 2017 to $185,162 in 2018, reflecting improving values in the real estate market.

Arvest is unique among most local lenders in that it services 99 percent of its mortgage loans, meaning that customers make their payments to Arvest and work directly with Arvest for any needs after their loan closes.

Tags: Arvest, Mortgage

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