Introduction
Arvest Bank was established on January 1st, 1871; however, their name was Mcllroy
Bank during that time. The founder of Wal-Mart, Sam Walton, purchased the Bank of
Bentonville in 1961 which started Arvest Bank’s successful growth. On July 12, 1976, their
name changed again to Mcllroy Bank & Trust. Through 1976 and 2000, Arvest acquired banks
throughout Northwest Arkansas. After November of 2001, Arvest received the name they hold
today. In 2003, Arvest acquired banks in Missouri and Kansas. I chose Arvest Bank because of
their growth and outstanding customer service. They currently hold five to ten thousand
employees and continue to grow today.
Market Analysis
While Arvest Bank continues to grow rapidly, their Chief Executive Officer is the one to
thank. Kevin Sabin, CEO of Arvest Bank, has worked for the company for fourteen years over
the Fayetteville area of Arkansas. Their charter class includes commercial banking, state charter
and Federal member, and Federal Reserve System. Arvest Bank has one hundred and eighteen
offices in Arkansas. One hundred and five of the offices in Arkansas are full service brick and
mortar offices which means they offer loans, accept deposits and open/close accounts. They also
have normal schedules and a loan officer is onsite. The bank also has safe deposit facilities in the
institution. There are eleven types of offices in Arkansas that are considered full-service retail
offices. They include all the key aspects as a full-service brick and mortar office; however, the
difference between the two offices is the full-service retail offices are in supermarkets or
department stores. Out of all the offices in Arkansas, one office is a limited service loan
production office that process loans, but does not process deposits. The last office is a limited
service facility office that handles deposits and payments, but it’s located in a retail establishment
or drive-through branch location. Arvest Bank is also known in other states outside of Arkansas.
They have eight offices in Kansas, 45 in Missouri, and 100 in Oklahoma.
Arvest Bank’s primary regulator is the Federal Reserve Board. The Federal Reserve
Board promotes financial system stability. They also supervise and regulate Arvest Bank’s
institution by promoting consumer protection and conduct monetary policy. Considering Arvest
Bank has supervision from the Federal Reserve Board, this helps with their market share. Their
market share as of June 30th, 2016, they are at 12.63%. Outside of the market, Arvest Bank holds
$6,564,676 in deposits, whereas inside of the market they hold $7,674,575 in deposits. They are
considered a holding bank which mean they have enough voting stock to be able to regulate
another company’s policies. As a holding company, Arvest Bank allows their consumers to have
the option to protect their personal assets. They also benefit from being a holding company by
remaining safe from losses. For example, if one of Arvest Bank’s offices goes under, it will affect
