Arvest Bank Group · Bentonville, AR United States
Company Description
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This link will open in a new window Arvest Bank Group operates more than 200 locations in Arkansas, Kansas, Missouri, and Oklahoma. It provides traditional deposit and loan products, as well as trust, asset management, and brokerage services. 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. Arvest has grown to be the biggest bank in Arkansas largely via acquisitions; it expanded into Kansas when it bought Caney Valley Bancshares in 2007. Descendents of Wal-Mart founder Sam Walton (including bank CEO Jim Walton, a son of Sam and one of the richest men in America) own Arvest Bank Group. To read the full description, subscribe now.
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Key Arvest Bank Group Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 4,800 |
Arvest Bank Group Executives
9 executives listed for Arvest Bank Group's Bentonville, AR location.
| Title | Name & Bio | Contact |
| Chairman and CEO; Chairman and CEO, Arvest Bank | Jim Walton | Network |
| EVP, Arvest Bank and President, Arvest Asset Management | Mel Parks | Network |
| EVP, Arvest Bank and President, Arvest Asset Management | Robert Scalia | Network |
Competition
Competitive Landscape for Arvest Bank Group
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Arvest Bank Group Competitors
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