Arvest Bank Expands Its Reach with New Loan Production Office in North Texas

Arvest Bank's New Chapter in North Texas

Arvest Bank, a significant player in the regional banking scene, has announced the opening of a loan production office in Frisco, Texas. This venture marks Arvest's physical entry into the North Texas market, a region noted for its economic growth and vibrant business landscape. With over 27 billion dollars in assets, Arvest is poised to offer tailored financial solutions to local businesses, enhancing its commitment to community development.

The new Frisco office is strategically located at 11025 Preston Road and will open its doors by the end of this year. It will be staffed by a dedicated team of commercial lenders skilled in providing a wide range of loans, including real estate loans, lines of credit, and equipment financing. The operations at this new location will be overseen by the existing Southwest Oklahoma market, which has a robust portfolio of business loans.

David Madigan, the president of Arvest Bank - Southwest Oklahoma, expressed enthusiasm about this expansion. "Our physical expansion into North Texas is an exciting step for Arvest and directly addresses the momentum we are already witnessing in the Metroplex," he said. The Frisco loan production office aims to build on this momentum by reinforcing Arvest's growing commercial lending business and reaffirming its dedication to supporting regional enterprises with customized loan solutions and hands-on assistance.

Arvest aims to immediately support various industrial and commercial projects, leveraging its extensive experience in these sectors. Unlike traditional banking branches that offer various banking services, the Frisco loan production office will focus exclusively on commercial loans, allowing for specialized attention to business clients. However, those needing different banking services can still access Arvest’s comprehensive offerings through its regional banks in Oklahoma, Arkansas, Kansas, and Missouri.

At the helm of the Frisco office will be Mark Scott, who has been promoted to Commercial Loan Manager. Having joined Arvest in 2008 and previously serving as a commercial lender in the Southwest Oklahoma region, Scott is well-equipped to lead the local team. Madigan highlighted Scott’s extensive experience, stating, "We are very excited to have Mark spearhead this initiative. His broad knowledge of our bank's culture makes him the ideal leader to showcase Arvest’s commercial financing capabilities in this new market."

To strengthen its local presence, Arvest has also invited three prominent business leaders from North Texas to join its banking board. The board now includes attorney Rick Warren from Steptoe & Johnson PLLC; Lana Constantine, assistant vice president of brokerage at The Retail Connection in Dallas; and Lupita Colmenero, co-owner and Director of Operations at LATINA Style, Inc. These members will serve as regional advisors and community coordinators, bringing invaluable insights from their respective fields to better serve the needs of the local business community.

Since its inception, Arvest has been dedicated to delivering financial solutions that empower communities and support their growth. With more than 200 branches spread across Arkansas, Oklahoma, Kansas, and Missouri, the bank has established itself as a full-service financial institution. As a proud Equal Housing Lender and member of the FDIC, Arvest continues to uphold its commitment to fair and equitable lending practices.

In conclusion, the opening of the loan production office in Frisco is not just a physical expansion for Arvest Bank; it reflects a broader vision of fostering economic growth in North Texas. The bank's proactive approach in identifying and addressing the financial needs of local businesses underscores its role as a vital partner in the region’s economic landscape.

For more information about Arvest Bank and its services, individuals can visit their website at arvest.com.