Division of Arvest Bank Enjoys 52-Percent Growth for Second Consecutive Year
FAYETTEVILLE, Ark. (Jan. 28, 2020) – Arvest Equipment Finance (AEF) closed more than $246 million in new production in 2019, a record total for the division of Arvest Bank, it was announced today.
This marks the second consecutive year AEF has recorded a 52-percent increase in gross production year-over-year.
“The AEF team continues to amaze me,” AEF president Eric Bunnell said. “Its dedication in helping bank and vendor customers finance their equipment needs continues to drive our growth. We have several exciting initiatives we are working on in 2020 in order to build off this momentum.”
Additionally, AEF’s total portfolio jumped more than 35 percent year-over-year, from $310.1 million in 2018 to $421.7 million in 2019.
“Our entire team is focused on serving the customers and helping them achieve their goals,” AEF sales manager John Bradford said. “We strive every day to be the equipment finance provider of choice in the markets we serve. The story is that our associates make the difference and the word is getting out.”
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.
About Arvest
Arvest Bank, named by Forbes magazine as one of the “World’s Best Banks” for 2019, operates more than 260 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.
About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.
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