Tulsa Time: Arvest Dives Into Glenpool

Tulsa Time: Arvest Dives Into Glenpool
Arvest Bank's planned Glenpool, Oklahoma, location will be its 22nd full-service branch in Tulsa County. (Google Maps / Mapbox)

Arvest Bank is adding to its considerable presence in Oklahoma’s Tulsa County market with a 25th location.

Of the 47 banks in the $33 billion-deposit market, Arvest holds the second-largest share of deposits at 7.39% ($2.5 billion).

The $26 billion-asset lender is developing a full-service branch at 155 E. 150th Place South in Glenpool. Arvest’s entry will expand the competitive field to three.

Two Oklahoma banks are on the ground in Glenpool: $9.9 billion-asset BancFirst of Oklahoma City and $1.5 billion-asset Mabrey Bank of Bixby. The two hold a nearly 50-50 split of the city’s $102 million deposits.

The only other Arkansas lender in the Tulsa County market is Simmons Bank of Pine Bluff. Its lone Tulsa branch is home to deposits of $220 million, a 0.66% stake that ranks No. 25 in the market.

The Glenpool branch will be Arvest’s 22nd full-service office in Tulsa County when it comes online next year.