ARVEST BANK
Arvest Bank, a financial institution rooted in Fayetteville, Arkansas, was established on January 1, 1871, initially known as McIlroy Bank & Trust. Over time, it broadened its operations through the acquisition of other banks in Northwest Arkansas like The Bank of Bentonville and the bank in Pea Ridge. The bank's charter dating back to McIlroy Bank & Trust, reflects its long-standing history, and during the financial crisis of 2007-2008, Arvest Bank notably declined funds from the Troubled Asset Relief Program. To Read Core Details Of Arvest Bank In short CLick Here.
The headquarters of Arvest Bank is located in Bentonville, Arkansas, and it operates with numerous branches spread across four states namely, Arkansas, Kansas, Oklahoma, and Missouri. As of now, it has 261 branches servicing these regions. The bank falls under the category of State Chartered Banks and is a member of the Federal Reserve System (FRS), with its primary federal regulator being the Federal Reserve Board and the secondary federal regulator being the Consumer Financial Protection Bureau (CFPB).
The Walton family, with Jim Walton serving as the chairman, holds the majority ownership of Arvest Bank. The bank has been dedicated to fulfilling the financial needs of its customers for over 152 years now, and its long history underscores the bank's commitment to financial service provision in the region.
Arvest Bank's FDIC Certificate Number is 8728, showcasing its alignment with federal insurance standards. Moreover, the bank's routing number is 082900872, which is essential for various banking transactions such as wire transfers. Here is the list of Arvest Bank Routing Numbers CLick Here.
The bank's policy revolves around being a community-based financial institution, which is evident from its range of services and products designed to cater to the local populace. Investments and insurance products offered by the bank are not FDIC insured and are not guaranteed by the bank or its affiliates, which is a standard disclaimer in the banking industry Furthermore, Arvest Bank maintains a privacy policy to safeguard personal and financial information related to the use of its services and products.
Lastly, Arvest Bank has a sponsorship and donation policy, underlining its responsibility to support nonprofit organizations that augment the quality of life in the communities it serves. This community-centered approach forms the core of Arvest Bank's operational philosophy, reflecting its tradition of focusing on the customer above all else, as it evolved from a small bank to a network of community-focused regional banks.
ARVEST BANK INFORMATION
Bank Name | Arvest Bank |
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Headquarters | 75 North East Street, Fayetteville, Arkansas 72701 |
Bank Class | State Chartered - FED Member Bank |
Bank FDIC | Certificate #8728 |
Swift Code | ARVTUS44XXX |
Location | 261 Branches in 4 states |
Routing Number | Click Here |
President | Kevin Sabin |
Customer Service | 1 (866) 952-9523 |
Credit Card Support | 1 (800) 356-8085 |
Number of Employees | 6,324 |
Key People | Jim Walton (Chairman) Kevin Sabin (President) |
Website | https://www.arvest.com/ |
ARVEST BANK ROUTING NUMBERS
Type of wire transfer | Arvest Bank routing number |
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Domestic Wire Transfer | 082900872 |
International Wire Transfer to Arvest Bank account in the USA | 082900872 |
ARVEST BANK SWIFT CODE ARVTUS44XXX DETAILS
A SWIFT code, also known as a BIC (Bank Identifier Code), is a standard format for uniquely identifying banks globally, especially during international transactions. It comprises 8-11 characters. The first 4 characters represent the bank's code, the next 2 denote the country, followed by 2 for the city. The remaining characters (which are optional) specify the bank's branch. This system ensures secure and efficient cross-border transfers. For instance, when sending money overseas, one would need the recipient's bank SWIFT code. It acts as an address that tells where to send the money, ensuring funds reach the correct institution.
ARVEST BANK
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Country code A-Z
2 letters representing the country the bank is in.
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Location code 0-9 A-Z
2 characters made up of letters or numbers. It says where that bank's head office is.
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Branch Code 0-9 A-Z
3 digits specifying a particular branch. 'XXX' represents the bank’s head office.
ARVEST BANK IN STATES
HISTORY OF ARVEST BANK
Below is a list of some important events in banks history, including mergers and acquisitions.
DATE | EVENT |
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01-01-1871 | Institution established. Original name: McIlroy Bank & Trust Company. |
07-17-1972 | Main Office moved to 75 North East Street, Fayetteville, AR 72701. |
07-12-1976 | Changed Institution Name to McIlroy Bank & Trust. |
03-25-1980 | Institution withdraws from membership in the Federal Reserve System. |
11-02-1990 | Acquired First Federal Savings and Loan Association (30672) in Fayetteville, AR. |
03-12-1996 | Institution becomes member of the Federal Reserve System. |
03-12-1996 | Changed Primary Federal Regulatory Agency to Fed. |
11-15-2001 | Changed Institution Name to Arvest Bank. |
11-15-2001 | Acquired Central Bank and Trust (33242) in Little Rock, AR. |
12-06-2001 | Acquired The Farmers and Merchants Bank (8736) in Prairie Grove, AR. |
12-06-2001 | Acquired Springdale Bank & Trust (11249) in Springdale, AR. |
02-08-2002 | Acquired Arvest Bank (3879) in Fort Smith, AR. |
02-08-2002 | Acquired Arvest Bank (34012) in Joplin, MO. |
03-07-2002 | Acquired Bank of Bentonville (100) in Bentonville, AR. |
03-07-2002 | Acquired First Arvest Bank (14648) in Siloam Springs, AR. |
04-18-2002 | Acquired Arvest State Bank (25661) in Tulsa, OK. |
04-18-2002 | Acquired WestStar Bank (4039) in Bartlesville, OK. |
05-16-2002 | Acquired Arvest Bank (4081) in Duncan, OK. |
05-16-2002 | Acquired Arvest Bank (13595) in Shawnee, OK. |