#USA #Frisco #North Texas #Arvest Bank

Arvest Bank's New Venture into North Texas

Arvest Bank, a prominent regional bank with assets exceeding $27 billion, has officially announced plans to establish a loan production office in Frisco, Texas. This move marks a significant step for the bank as it expands its physical presence in the North Texas market, tapping into the region's growing commercial landscape.

The new office, set to open later this year at 11025 Preston Road, will see a team of local commercial lenders ready to provide a variety of financing solutions including real estate loans, lines of credit, and equipment financing. This initiative is backed by the bank's Southwest Oklahoma market, which already has a successful track record managing business loans in the area.

David Madigan, president of Arvest Bank - Southwest Oklahoma, expressed enthusiasm about this expansion, emphasizing it as a response to the business momentum observed in the metroplex. He stated, "The loan production office allows us to expand our growing commercial loan business and reinforce our commitment to supporting regional businesses with on-the-ground expertise and tailored lending solutions."

The Frisco location is poised to cater to industrial and commercial projects, leveraging Arvest’s extensive experience in these sectors. While the office will focus solely on commercial lending, customers will also benefit from Arvest's comprehensive banking and treasury management services via its network in Oklahoma, Arkansas, Kansas, and Missouri.

To lead the new operations in Frisco, the bank has appointed Mark Scott as the commercial loan manager. Scott, who joined Arvest in 2008, brings valuable experience from his previous role as a commercial lender in Southwest Oklahoma. The bank plans to onboard additional commercial lenders to build a strong team dedicated to serving the North Texas community.

Madigan highlighted Scott’s extensive background as an asset, stating, "We’re incredibly excited to have Mark lead this effort. His extensive experience and deep understanding of our bank's culture make him the ideal leader to introduce Arvest's commercial lending capabilities to this new market."

In addition to building its lending team, Arvest has welcomed three influential local business leaders to its North Texas bank board. These leaders include Rick Warren, an attorney at Steptoe Johnson PLLC; Lana Constantine, assistant vice president of brokerage at The Retail Connection; and Lupita Colmenero, Chief Operating Officer and co-owner of LATINA Style, Inc. and founder of the nonprofit Parents Step Ahead in Dallas. They will serve as regional advisors and community liaisons, facilitating connections between the bank and the local business community.

Arvest Bank has been committed to providing financial solutions for individuals and businesses since 1961, working to empower communities by facilitating growth and support. With over 200 locations across Arkansas, Oklahoma, Kansas, and Missouri, Arvest has established itself as a significant player in the regional banking scene, prioritizing trust, community engagement, and comprehensive financial services.

As Arvest moves forward with its plans for the Frisco loan production office, the bank is poised to become a key player in addressing the financial needs of North Texas businesses, enhancing the economic landscape of the area and reinforcing its dedication to community development.

For more details or inquiries, contact Tara Muck at (479) 420-8989 or via email at [email protected].