Arvest Bank Named Among ‘Best Employers for Women’ by Forbes

Tuesday, September 18 at 09:00 AM
Category: Arvest News

Arvest Bank has been recognized by Forbes magazine as one of “America’s Best Employers for Women.”

The honor comes after Arvest was named one of “America’s Best Large Employers” in May, the second consecutive year it has received that honor. For the more recent list, Forbes employed its market research partner, Statista, to survey 40,000 Americans – including 25,000 women – working for businesses with at least 1,000 employees.

All the surveys were anonymous, allowing participants to openly share their opinions. Respondents were first asked to rate their organizations on criteria such as working conditions, diversity and how likely they’d be to recommend their employer to others. 

Statista then asked female respondents to rate their employers on factors such as parental leave, discrimination and pay equity. These respondents also were asked to nominate organizations in industries outside their own. The final list ranks the 300 employers that both received the most recommendations and boast the most gender-diverse boards and executive ranks.

“We are honored to be recognized by Forbes for the second time since May when it comes to maintaining a culture that appeals to and supports all of our associates,” Arvest president and CEO Kevin Sabin said. “Knowing those who responded to this latest survey think so highly of Arvest for things like diversity and pay equity is very rewarding. It reinforces our commitment to welcoming talent from different backgrounds and with different perspectives.”

Arvest is the only Arkansas-based company included on the list.

Tags: Arvest
 

Now is the Time to Arvest Go!

Friday, September 07 at 09:00 AM
Category: Arvest News

Our old Arvest mobile banking app will stop working. If you’re still using our old app, it’s time to download and start using our new app, Arvest Go! Simply sign in using your current login ID and password.

While you’re at it, be sure to delete the old app from your device.

Say “hello” to Arvest Go! Arvest Go mobile banking has more of what you want: log in with your fingerprint, quickly view your accounts and enjoy an enhanced user experience that gives you the best Arvest has to offer in mobile banking.

Plus, we will be making frequent updates to Arvest Go based on the newest technology trends and feedback from our customers!

Download Arvest Go today!

Just a note: please check that you’re running the most current mobile operating system for an optimal experience with Arvest Go. The Arvest Go app requires at least Apple iOS 9 or Android 5 Lollipop to run.

If you are a mobile banking user who accesses account information via your phone’s browser: The old mobile web banking service will also stop working, but mobile web banking will not go away. The look and feel of your experience will be updated to BlueIQ Mobile Web .

BlueIQ Mobile Web is accessed through your mobile device’s browser, features standard online banking and bill payment functions, and provides easy-to-use personal money management tools.

For iPad® users, please use Online Banking with BlueIQ, easily accessed through any tablet’s browser, for an optimal banking experience. Our updated mobile app, Arvest Go, is not currently optimized for iPad® viewing and usage.

New to mobile banking or have questions? If you’re new to mobile and online banking with Arvest, visit with an associate at your local branch or call us at (866) 952-9523 for a login ID and temporary password.

If you have additional questions regarding these upcoming changes, call us at (866) 952-9523. Our goal is to continually improve your banking experience with updated products and services.

Tags: Arvest Go
 

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 Branches Closed for Labor Day, Monday, Sept. 3, 2018

Wednesday, August 29 at 02:00 PM
Category: Arvest News

In observance of Labor Day, all Arvest branches, as well as customer service, will be closed on Monday, Sept. 3. We’ll be open normal Saturday hours on Saturday, Sept. 1. We look forward to serving you during normal business hours, resuming on Tuesday, Sept. 4. 

For your convenience, you can bank 24/7 using: 

We wish you a safe and happy Labor Day! 

Tags: Holiday Hours
 

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

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