Arvest Bank Names Brown President in Stillwater

Tuesday, September 11 at 01:30 PM
Category: Arvest Community News

Arvest Bank is pleased to announce it has hired Adam Brown as community bank president in Stillwater.

In that role, Brown is accountable for directing the local bank’s management team, as well as leading the branch and the team of associates in offering quality service and financial solutions for the bank’s customers and the community it serves. He will be based out of the Arvest branch located at 5215 W. 6th Ave. in Stillwater.

Brown graduated from Oklahoma State University with a bachelor’s degree in finance. His concentration was in commercial bank management, with a minor in accounting.

Among other civic endeavors, Brown has been active with The Saville Center for Child Advocacy and Young Professionals of Stillwater, and has coached numerous youth sports teams. Additionally, he was named Young Professional of the Year by the Stillwater Chamber of Commerce in 2015, and also is a graduate of its Leadership Stillwater program.

The son of a U.S. Air Force veteran, Brown lived in multiple places as a child, but spent the majority of his time in the Washington, D.C. area. He and his wife, Brooke, now live in Stillwater with their two sons.

Tags: Arvest
 

East Pointe Elementary School Receives Arvest Foundation Grant

Thursday, September 06 at 10:00 AM
Category: Arvest Community News

Elementary students in the Greenwood area will get a boost to their STEM curriculum thanks to a $5,000 donation from the Arvest Foundation. 


The gift was announced today at East Pointe Elementary School in Greenwood. Jamie Skinner and Beth Presley of Arvest Bank were on hand to present the check.

The Arvest Foundation donation will allow the school to purchase various materials to create a collaborative STEM work space or “Makerspace” inside the school that fosters creativity, flexibility, and persistence through the process of problem-solving.  

"The incredible support provided by Arvest Bank has allowed us to provide a place where our students can explore, discover, and play while solving problems and experiencing learning firsthand,” said East Pointe Elementary principal Josh Ray. “Students at East Pointe are literally begging for more science and math, and we could have never experienced that without Arvest’s generosity. On behalf of every future East Pointe engineer, doctor, architect, and programmer, thank you so much."

Arvest branch manager Jamie Skinner said, “When East Pointe reached out to us with the details of what they were wanting to accomplish with their Makerspace, we knew that we wanted to be a part and help create this incredible experience for all of the students, and students to come. We are thankful that the Arvest Foundation was able to provide this grant for East Pointe and we’re looking forward to seeing this dream become a reality for them.”

 

Tags: Arkansas, Arvest, Arvest Foundation
 

Congratulations Amy Morbeck of Greater Kansas City

Wednesday, September 05 at 09:00 AM
Category: Arvest Community News

Arvest in Greater Kansas City is celebrating the accomplishments of another outstanding associate. The local Private Banking Manager, Amy Morbeck, graduated from Central Exchange’s Emerging Leaders program earlier this month.

The Emerging Leaders Program takes place over a one-year period to achieve sustainable development. This course is focused on empowering high potential women through actionable education. From sessions with real-life examples shared by regional thought leaders to active-learning based small group sessions, individuals will graduate Emerging Leaders with the skills and tools to take their leadership to the next level.

“Emerging Leaders is an exceptional program and I truly loved it. After every session I implemented new ideas with my team and continue to pull ideas out of my toolbox I received while in the program. Thanks [Arvest] for the many ways you endorse and support my growth. It’s an honor to use the gifts to enhance the best bank in the country” says Amy.

Congratulations, Amy!

 

About Arvest

Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 250 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 15 locally managed banks, each with its own board and management team.

Tags: Arvest, Kansas, Kansas City, Missouri
 

Arvest Skyline Report: Commercial Real Estate Vacancy Rate Increases

Wednesday, August 29 at 03:00 PM
Category: Arvest News

Arvest Bank has released Skyline Reports on commercial real estate in Northwest Arkansas for the first half of 2018.

During the first half of 2018, the overall vacancy rate for commercial real estate increased to 10.8 percent, up from 9.7 percent at the end of 2017. This increase was the result of 421,692 square feet of negative net absorption across all types of commercial space.

The office submarket demonstrated continued strength, as 134,688 square feet of new office space was added while 165,224 square feet was absorbed, leading to the office vacancy rate being unchanged from the second half of 2017 at 9.1 percent. Researchers at the Center for Business and Economic Research (CBER) at the Sam M. Walton School of Business at the University of Arkansas specifically noted the strength of Class A and B office space in Bentonville as being a major contributor to the office sector’s overall positive performance.

The retail submarket, which has been under severe pressure nationally, showed resilience in Northwest Arkansas in the first half of the year. Despite adding 77,000 square feet of new space and the closing of major retailers Sears and Toys “R” Us, the retail vacancy rate remained below 10 percent. The vacancy rate ended 2017 at 8.9 percent and rose to 9.7 percent in the first half of 2018. CBER researchers specifically pointed out that many retail spaces formerly used for selling goods are now being utilized for selling services.

The warehouse submarket was the most significant contributor to the overall total negative absorption as it accounted for 210,335 of negative net absorption, roughly half of the total. Interestingly, this was not because of newly constructed space entering the market but, rather, driven by previously leased warehouse space becoming vacant.

“The office market in Northwest Arkansas continues to show strength and the ability to absorb the new space being introduced in the market,” said Mervin Jebaraj, CBER director. “During this cycle, we were also impressed with the retail market, as it continues to outperform national trends, even as large national retailers close and vacate local retail space. While the vacancy rate increased, it remains at healthy levels, and the market seems to be adjusting to the new retail landscape.

“And while the warehouse sector experienced a very week period in the first half of the year, this has always been a volatile market due to its small size in this area. To have a bad six-month period and still have a vacancy rate of just 8.1 percent tells us that there is no significant reason to worry about the warehouse market as the move to more e-commerce is expected to create sustained, long-term need for warehouse space.”

During the first half of 2018 commercial building permits totaled $188,503,803, a 61.4 percent increase from the $116,812,224 in permits issued in the first half of 2017.

Chris Thornton, loan manager with Arvest Bank of Springdale, said about the commercial market Skyline results, “It is very encouraging to see the commercial real estate market in Northwest Arkansas continue to grow and remain well balanced. We continue to work with our real estate development customers to help them identify the specific types of developments needed to match the growth in the market. Our commercial real estate financing teams will continue helping customers build the right projects at the right place and in the right time.”

The Arvest Skyline Report is a biannual analysis of the latest commercial, single-family residential and multifamily residential property markets in Benton and Washington counties. The report is sponsored by Arvest Bank and conducted by the Center for Business and Economic Research (CBER) in the Sam. M. Walton College of Business at the University of Arkansas.

In 2004, Arvest Bank contracted with CBER to collect information about the local real estate markets. CBER researchers aggregated and analyzed data from local governments, property managers, visual inspections and the business media to provide a complete picture of the status of property markets in the two counties.

CBER provides excellence in applied economic and business research to federal, state and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.

Tags: Arkansas, Arvest, Northwest Arkansas
 

Arvest is One of Oklahoma’s Best

Wednesday, August 29 at 11:00 AM
Category: Arvest News

Arvest Bank is proud to recently have been named by The Journal Record as one of 2018’s “Best Places to Work in Oklahoma.”

According to The Journal Record, this is the second year it has partnered with Best Companies Group “to honor Oklahoma businesses and organizations excelling in creating quality workplaces.”

Companies are chosen based on employee interviews and a review of their workplace policies, practices and demographics. Final ranking positions will be announced at an awards event, to be held Nov. 1 at the National Cowboy & Western Heritage Museum in Oklahoma City.

“On behalf of all our associates in Oklahoma, I want to thank The Journal Record and Best Companies Group for this recognition,” said Brad Krieger, regional executive for Arvest in Oklahoma City. “We put a lot of time and effort into establishing and maintaining a culture that supports our associates, and we think that helps us have happy and satisfied customers. This recognition is a tangible reflection of that effort. We are truly humbled and honored.”

The Journal Record events manager Brittany Attaway said Best Companies Group produces a report that is given to each company that is selected.

“The companies can put these findings into practice immediately for the betterment of the organization,” Attaway said in an article published by The Journal Record.

This honor comes after Arvest was recognized by Forbes magazine in May – and for the second consecutive year – as one of “America’s Best Large Employers” for 2018.

Tags: Arvest
 

Arvest Bank Promotes Taylor in Sallisaw

Monday, August 27 at 09:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce Jessica Taylor has been promoted to branch sales manager.

Taylor has five years of banking experience and has served in a number of roles at Arvest, most recently as assistant branch manager. In her new role, Taylor will manage the activities of the Arvest branch located at 811 W. Ruth Ave.

“Jessica’s track record speaks for itself and this is a well-deserved promotion,” Arvest branch administrator Kevin Stiles said. “Jessica’s customer-focused approach mirrors that of Arvest, and I know she will be a great asset for both our customers and our associates.”

Taylor lives in Brushy with her five children.

Tags: Arvest, Sallisaw

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