Arvest Bank Expands in Downtown Oklahoma City

Tuesday, October 29 at 09:30 AM
Category: Arvest News

Arvest Bank has announced expansion plans and signed a lease for approximately 40,000 square feet on the first floor and mezzanine level of 201 Robert S. Kerr in downtown Oklahoma City. The building will be renamed Arvest Tower.

The company will renovate the space and establish its central Oklahoma headquarters there, as well as provide personal, commercial and wealth management banking services in the new location. The renovation is expected to be complete in fall 2020.

“This downtown Oklahoma City location and statewide expansion for Arvest Bank signals several key directions for us,” said Brad Krieger, chairman of Arvest Bank of Oklahoma City and regional executive vice president of Arvest Bank Group, Inc. “It’s a vote of confidence in Oklahoma City and the downtown area, as well as the entire state. We’ve been involved in the growth and support of community-wide efforts with the Oklahoma City Chamber, Tulsa Regional Chamber and others across the state. We want to continue that support and even deepen our involvement in the future. It is also a response to our own growth and need to have banking services within walking distance for our customers and businesses with a downtown presence. The central downtown location was ideal to meet those needs.”

Arvest Tower has 16 floors, 202,000 total square feet, covered and adjacent parking and was built in 1972. Arvest has negotiated ample parking spaces for customers and bank associates. The lobby features a 27-foot ceiling and tiled marble floors. Renovations will include removing some walls to open the lobby, updates to bathrooms and common areas and designing more contemporary, flexible workspaces for approximately 70 associates.

“It’s an advantage that the building has housed banking services in the past and we want to preserve some of the original features, but we will also be making renovations based on how customers use space today,” said Ron Witherspoon, president of Arvest in Oklahoma City.

Witherspoon points to casual, open spaces for both customers and associates.

“We are blending the need for privacy and noise reduction with visually open spaces to allow natural light and comfortable, informal meeting spots throughout the space,” he said. “We also are creating flexible gathering spaces for community events that our small business customers and non-profits will be able to use, and for Arvest to host educational and social events.”

Arvest is leasing the space from BOKP INVESTORS, LLC, a group of successful Oklahoma business leaders and developers.

Lloyd Hardin with McAfee & Taft provided legal counsel and was supported by Brett Merritt.  Craig Tucker with Price Edwards & Company and Bill Zei with McLeodZei of Dallas, Texas provided brokerage assistance and handled the transaction.  Klay Kimker provided independent consultation.

The new lease and renovations to create Arvest Tower come on the heels of other recent Arvest Bank expansion news, including a new parking garage and other commercial activities in downtown Tulsa and new branches in Owasso and Capitol Hill in Oklahoma City.

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. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

Tags: Arvest, Oklahoma, Oklahoma City
 

Arvest Bank Hires Mostek

Friday, May 10 at 11:00 AM
Category: Arvest Community News

Arvest Bank is pleased to announce it has hired Chris Mostek.

Mostek will serve as a senior vice president and commercial banker. In that role, he will work to develop loan and other financial solutions to fit commercial customers’ unique needs, with a focus on energy and real estate lending.

Mostek, who earned both a bachelor’s degree in business management and a master’s in business administration at Oklahoma State University, will be based out of the branch located at 3900 North Lincoln Blvd. He also is a graduate of the American Bankers Association Commercial Lending School.

Among other civic endeavors, Mostek has volunteered for the Regional Food Bank of Oklahoma and currently volunteers at Bible Study Fellowship and Council Road Baptist Church. He and his wife, Keela, live in Oklahoma City and have two children.

Tags: Arvest, Oklahoma, Oklahoma City
 

Urban League of Greater Oklahoma City Gets Arvest Foundation Gift

Thursday, May 02 at 09:00 AM
Category: Arvest Community News

The Urban League of Greater Oklahoma City’s housing and financial literacy programs received a boost in the form of a $15,000 donation from the Arvest Foundation.

The gift was announced recently at the Urban League of Greater Oklahoma City. Leslie Johnson, small business underwriting manager for Arvest Bank in Oklahoma City was on hand to present the check.

Representatives of the Urban League of Greater Oklahoma City thanked Arvest for its long-term partnership and expressed appreciation for its support, specifically the housing and literacy programs that will benefit from this most recent donation.

“I am proud to serve on the board of directors for the Urban League of Oklahoma City, and it was my honor to present a check to them from the Arvest Foundation,” Johnson said. “The funds will be used to support housing and financial literacy programs that are vital to helping the Urban League accomplish its mission of assisting African-Americans, other minorities, and the underprivileged to achieve social and economic equality.”

Tags: Arvest, Oklahoma, Oklahoma City
 

Cross Named Senior Vice President by Arvest Bank

Thursday, February 07 at 03:00 PM
Category: Arvest Community News

Arvest Bank is pleased to announce Ryan Cross has been promoted to senior vice president.

Cross has more than 17 years of experience in the banking industry and currently serves as a commercial banker. He specializes in the commercial and industrial segments and real estate lending, while also helping businesses with their treasury management, purchasing card and international service needs.

Cross earned a degree in finance and international business at the University of Oklahoma and is a current enrollee at the Graduate School of Banking at Colorado. He is a member of the Bond Advisory Committee for the City of Oklahoma City, treasurer and board member for the South Oklahoma City Chamber of Commerce, board member for March of Dimes, and a past president of the West Oklahoma City Rotary Club, among other civic endeavors.

Cross and his wife, Shannon, have four children and live in Oklahoma City.

Tags: Arvest, Oklahoma, Oklahoma City
 

Arvest Bank Promotes Nave to Senior Vice President

Tuesday, February 05 at 02:00 PM
Category: Arvest Community News

Arvest Bank is pleased to announce Brian Nave has been promoted to senior vice president.

Nave has worked in the financial services industry since 2004 and currently serves as a commercial banker. In that role, he is responsible for the effective promotion and generation of commercial loans for the Oklahoma City metro area, among other duties. Nave also holds the designation of Certified Leasing and Finance Professional (CLFP).

Nave earned a bachelor’s degree and a master’s in business administration at Northeastern State University. He is an active member of the Norman Chamber of Commerce and a board member for both Community Services Building, Inc. and the Cleveland County Family YMCA, among other civic endeavors.

Nave and his wife, Sarah, have two sons.

Tags: Arvest, Oklahoma, Oklahoma City

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