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Arvest Bank Group Inc.

Doug Hendrix, left, and his brother David Hendrix own Summerwood Partners LLC of Bryant, which owns convenience store chain Big Red and this year ranked No. 5 for revenue growth among the largest private companies in Arkansas.
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2021: A Good Year for Big Private CompaniesLock Icon

For most of the businesses on this year’s list of Arkansas’ 75 largest private companies, top-line revenue in 2021 was significantly better than in 2019, before any of us had heard of COVID-19. read more >
Banking & Finance / Public Companies

Arvest Bank Closes on Bear State Acquisition

Arvest Bank closes on its previously announced acquisition of Bear State Financial Inc. of Little Rock, the parent company of Bear State Bank. read more >
Banking & Finance / Business Services / Investments / Legal / Public Companies

Cash Offers & Rival Bids: Inside Bear State Bank’s $391M SaleLock Icon

Randy Dennis, the president of DD&F Consulting, thought Arvest Bank of Fayetteville and Bear State Bank of Little Rock would be a good fit. read more >
George A. Makris Jr., chairman and CEO of Simmons First National Corp.
Banking & Finance / Business Services / Investments / Public Companies

Simmons, Home BancShares Set To Vault Into $10B Club

Arkansas membership in the $10 billion bank club should double by the end of September. Home BancShares Inc. and Simmons First National Corp. have two pending acquisitions that will help take them beyond $10 billion to join Arvest Bank Group Inc. and Bank of the Ozarks Inc. read more >

Arkansas Business Power List 2016: Banking & Finance

A banking and finance resource to help navigate the leadership of the largest Arkansas companies or institutions. read more >
Martha Shoffner, ex-State Treasurer, walked away from a plea deal in favor of taking her bribery case to trial. (Photo by Mauren Kennedy)
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The Top 10 Business Stories of 2014

Politics, white-collar crime, banking acquisitions, Turner Grain and more. Arkansas Business recaps the top 10 stories from the year that was 2014. read more >
Dennis Smiley, as a trustee of the Jones Trust of Springdale, participated in the March 2013 groundbreaking ceremony for the Webb Memorial Children Park on the campus of the Center for Nonprofits at St. Mary's in Rogers. Smiley resigned from the trust's board last month.
Banking & Finance / Legal

Court Formalizes Settlement With Banks Over Dennis Smiley Assets

Eighteen lenders were dismissed from the battle over assets once owned by former Arvest Bank executive Dennis Smiley Jr. read more >
Dennis Smiley, as a trustee of the Jones Trust of Springdale, participated in the March 2013 groundbreaking ceremony for the Webb Memorial Children Park on the campus of the Center for Nonprofits at St. Mary's in Rogers. Smiley resigned from the trust's board last month.
Banking & Finance / Legal

In Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.

Arvest Bank of Fayetteville has sued to collect more than $467,000 in delinquent debt associated with its former Bentonville market president Dennis Smiley. Arvest’s actions make it the 11th bank to file details of delinquent loan claims associated with Dennis Smiley Jr. The two lawsuits pushes the known claims against Smiley to about $2.5 million. read more >
Banking & Finance / Legal

Arvest: Was Unaware of Agreement Involving Dennis Smiley’s Loan Collateral

Arvest Bank says it was unaware of documents purportedly signed by one of its executives that allowed Dennis Smiley to use his stock in an Arvest executive incentive account as loan collateral at First National Bank of Fort Smith. read more >
Banking & Finance / Government & Politics / Investments / Legal

First Western: First for Dennis Smiley Cash?

Of all the Arkansas banks ensnared in the alleged serial loan fraud by Dennis Smiley Jr., First Western Bank of Booneville could be in the best position to recover money from him. read more >
Dennis Smiley, as a trustee of the Jones Trust of Springdale, participated in the March 2013 groundbreaking ceremony for the Webb Memorial Children Park on the campus of the Center for Nonprofits at St. Mary's in Rogers. Smiley resigned from the trust's board last month.
Banking & Finance / Legal

Bank of Fayetteville Sues Dennis Smiley, Arvest Bank

The Bank of Fayetteville sued former banker H. Dennis Smiley Jr. of Rogers on Monday to collect nearly $480,000 owed for defaulted loans. It also named Smiley's former employer, Arvest Bank, as a defendant. Sources have told Arkansas Business that Smiley is facing a criminal investigation into allegations of loan fraud. read more >
Craig Rivaldo
Banking & Finance

Arvest Bank Names Craig Rivaldo CEO in Benton County

Arvest Bank of Fayetteville says Craig Rivaldo, president and CEO of Arvest Bank of Fort Smith, has been named the president and CEO of Arvest Bank of Benton County effective May 1. Rivaldo replaces H. Dennis Smiley Jr., who resigned from the post last month. Rivaldo began his career with Arvest as a trainee with McIlory Bank in Fayetteville in 1987. read more >
Banking & Finance / Legal

Arvest Bank Files to Turn Over $552K In Dennis Smiley Money

Arvest Bank tells the Benton County Circuit Court that it’s holding nearly $552,000 in stock option proceeds and stock plan checks to H. Dennis Smiley Jr., a former bank executive who’s under a federal criminal investigation for bank fraud. read more >
John Womack, chairman and CEO of Arvest Bank in Little Rock, said the purchase will "help improve our market share and visibility" in four central Arkansas cities.
Banking & Finance / Real Estate / Retail

Arvest to Keep Four NBA Branches, Close Three

Arvest Bank branches on McCain Boulevard in North Little Rock and West Markham Street in Little Rock will be closed, with their operations being moved to former branches of National Bank of Arkansas that Arvest acquired in December. read more >
Virgil Miller
Banking & Finance

Virgil Miller Joins Arvest Bank Group

Arvest Bank says Virgil Miller, most recently Community Reinvestment Act director for Metropolitan National Bank of Little Rock, has joined Arvest as its CRA director. read more >
Banking & Finance / Government & Politics / Public Companies / Retail / Transportation

Video: #Shutdown, USA Truck, Arvest Expands, Wal-Mart in Your ‘Week in Review’

Arkansas settles into the partial government shutdown, USA Truck has a target on its back, Arvest adds to its central Arkansas footprint, and Wal-Mart bulks up online operations ahead of the holidays -- all in this week's Arkansas Business/THV 11 News "Week in Review." read more >
Arvest Bank Theatre at the Midland
Banking & Finance / Media & Marketing

Arvest Buys Theater Naming Rights in Downtown Kansas City

Arvest Bank, the Walton-owned bank company based in Arkansas, has purchased the naming rights to an historic downtown theater in Kansas City, as it continues to raise its prominence there. read more >
Banking & Finance / Investments / Public Companies

Here Are 3 Arkansas Bank Deals Bigger Than Home BancShares-Liberty Bank

On THV 11 News This Morning on Tuesday, Bob Birch of Home BancShares said the Home BancShares deal to buy Liberty Bank was the fourth-biggest interstate bank deal Arkansas has seen. Here's the three deals at that are bigger. read more >
Kevin Sabin, Arvest Bank
Banking & Finance / Media & Marketing / Public Companies

Kevin Sabin Keeps Eye on Arvest’s Expansion as Arkansas’ Largest Bank

Now in his 16th year as president and CEO of Arvest Bank, Kevin Sabin has seen Arvest Bank become the largest bank in ARkansas with assets exceeding $11 billion. read more >
Wal-Mart Stores Inc. of Bentonville employs 47,774 workers in Arkansas. 
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Top Employers in Arkansas Keep Steady Payroll of Workers

The top five largest employers in Arkansas have seen some bumps since last year, but they remain in the same order. Four of the top five saw increases in employment during 2012. read more >