Arvest Bank of Fayetteville announced Tuesday that Pete Boomer has been named the new president and CEO of its mortgage division.
He follows Matt Kendall, who retired in April after more than 30 years with Arvest.
Boomer, who has over three decades of experience in the financial industry, will oversee management and operations of Arvest Bank’s mortgage business. He most recently served as president of Proper Rate, an independent mortgage company in Chicago. Past roles include executive vice president, head of mortgage distribution at PNC Bank of Pittsburgh and division manager at JPMorgan Chase.
“Pete’s extensive background in mortgage origination, servicing and technology make him a great choice to lead our mortgage division,” Matt Machen, president and chief operating officer for Arvest Bank, said in a statement. “His knowledge and customer-first mentality will be valuable as we continue our focus of delivering innovative and competitive mortgage solutions.
Kendall joined Arvest in 1992 and had been president and CEO of its mortgage division since 2021. He will remain with the bank part-time, serving as a member of the mortgage division board and in an advisory role to help with the transition.
“We’re grateful to Matt for his service and dedication over the years,” Machen said. “His leadership has been key to making Arvest Mortgage a top lender in our region.”
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