Arvest Bank has completed the transition and conversion of all Bear State Bank customers, branches and systems this week.
In August 2017, Arvest Bank acquired Bear State Financial, Inc., the parent company of Bear State Bank in a cash transaction valued at $391 million. The acquisition allowed Arvest Bank to enter 15 new territories and establish 20 new branches in Arkansas, Missouri and Oklahoma.
The acquisition also increased Arvest Bank’s total assets to $18.76 billion and increased the bank’s total number of branches to over 270.
“We couldn’t be more excited to welcome our new customers,” says Jim Cargill, president and CEO of Arvest Bank in northeast, central and southwest Arkansas. “We believe they will feel right at home with Arvest, and we look forward to getting to know them and our new communities even better. This has been a long process, but as we’ve said from the beginning, the customer-first approaches of both Arvest and Bear State have made this a natural fit.”
Former Bear State Bank members can now access their banking accounts through Arvest Bank’s website or through the Arvest Go mobile app.