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Arvest Bank and Baker Hill: A New Chapter in Small Business Lending

Arvest Bank, a highly respected community bank in the Midwest, has taken a significant step forward in its mission to enhance small business lending by upgrading its technology solutions. Recently, Baker Hill, a leader in financial technology, announced that Arvest Bank has chosen to implement its UN/FY™ Small Business Loan Origination platform, marking an important evolution in their nearly 30-year partnership.

A Trusted Partnership

This collaboration between Arvest Bank and Baker Hill stems from a longstanding relationship centered around mutual trust and shared ambitions. With more than 110 locations across Arkansas, Kansas, Missouri, and Oklahoma, Arvest Bank has over $27 billion in assets and is recognized for its community commitment and innovative approach to banking. The decision to adopt the UN/FY™ platform not only modernizes the small business lending process but also aligns with Arvest's dedication to enhancing customer service and operational efficiency.

The Transition to UN/FY™

The transition to Baker Hill's UN/FY™ platform signifies a shift from outdated systems to a more integrated, cloud-based solution. This upgrade is designed to streamline the small business lending lifecycle, allowing Arvest Bank to provide a more efficient and user-friendly experience for its borrowers.

Brad Crain, Arvest's regional executive for enhanced banking services, expressed his enthusiasm for the new platform: "At Arvest, we’ve always focused on building strong, scalable solutions for our borrowers. As we looked ahead to the future of small business lending, Baker Hill stood out as a partner who understands our institution and continuously delivers the technology we need. The UN/FY platform provides us with the flexibility, integration, and efficiency to support our customers at scale."

Enhanced Capabilities for Growth

The upgraded system is engineered to digitally accelerate the entire small business lending process, from user-friendly digital applications to streamlined underwriting. This means that bankers at Arvest can respond more quickly to the needs of borrowers, significantly reducing operational friction within the bank.

Moreover, the UN/FY platform integrates seamlessly with other existing systems, such as Fiserv Signature Core® and Salesforce. This integration ensures that Arvest Bank can unify customer information across platforms, thereby improving the speed and accuracy of loan decision-making.

A Track Record of Success

Arvest Bank's choice to enhance its capabilities with Baker Hill is also influenced by the successful history the two institutions share. Over the years, they have transitioned through various iterations of Baker Hill’s technology — from OnePoint™ to Bank 2 Business™ and Statement Analyzer, culminating in the current integration of UN/FY™. This commitment showcases Arvest's unwavering confidence in Baker Hill's ability to deliver innovative solutions that yield tangible results.

"We’re incredibly proud of our nearly 30-year partnership with Arvest Bank," Andy Ivankovich, chairman and CEO of Baker Hill, remarked. "Our collaboration has always centered on delivering measurable results and evolving with the needs of modern financial institutions. With their upgrade to UN/FY™, Arvest is leveraging a platform purpose-built to unify lending, credit, and customer data. This next generation of technology enhances productivity, streamlines decision-making, and creates a more connected experience for borrowers."

Looking Forward

The expanded partnership with Baker Hill establishes a solid groundwork for future innovations as Arvest Bank considers additional integrations and capabilities within its commercial banking framework. As the landscape of community banking continues to evolve, Arvest is positioning itself as a forward-thinking institution ready to embrace new challenges and opportunities.

With its rich legacy and commitment to growth, Arvest Bank remains dedicated to delivering meaningful financial solutions that empower communities and promote entrepreneurship. The transition to the UN/FY™ platform not only signifies a technological upgrade but also represents a renewed commitment to supporting small businesses in their journey toward success.

For more information on both Arvest Bank and Baker Hill, visit their respective websites to learn about their innovative financial solutions and community initiatives.