Is Arvest Bank still owned by Walmart?

Arvest Bank, the Arkansas-based lender owned by the Walton family of Wal-Mart fame but operated separately from the retail giant, inked its largest acquisition to date, a $391 million deal to take out one of the biggest community banks in the Ozarks region.

Do the Waltons own Arvest Bank?

Arvest Bank is a bank headquartered in Bentonville, Arkansas, with branches in Arkansas, Kansas, Oklahoma, and Missouri. It is the largest and oldest bank in Arkansas and is on the list of largest banks in the United States. It is almost entirely owned by the Walton family.

Is Arvest being bought out?

Farmers Bank & Trust Company headquartered in Magnolia, Arkansas, has completed an agreement with with Arvest Bank (“Arvest”), headquartered in Fayetteville, Arkansas, to acquire nine separate Arvest branch banking offices in Arkansas and Oklahoma. The conversion will take place over the weekend of January 28-30, 2022.

How many Arvest Bank locations are there?

Arvest operates in the more than 110 communities across Arkansas, Kansas, Missouri and Oklahoma, with 14 community-oriented banks that have their own local president, board of directors and management team.

When did the Waltons buy Arvest?

It was at this point all Arvest banks began using the Arvest name and logo. Walton and his wife, Helen, purchased the original Arvest branch, The Bank of Bentonville, in 1961 for about $300,000.

What company owns Arvest Bank?

Arvest Holdings, Inc.Arvest Bank / Parent organization

Who is the richest person in the Walmart family?

Walton family fortune

  • Jim Walton, $66.9 billion.
  • Alice Walton, $66 billion.
  • S. Robson Walton, $65.7 billion.
  • Lukas Walton, $16.7 billion.
  • Ann Walton Kroenke, $9.1 billion.
  • Nancy Walton Laurie, $8.2 billion.
  • Christy Walton, $8 billion.

Where do the Waltons live in Arkansas?

In 1950, the Walton family – Sam and Helen, sons, Rob, John, and Jim, and daughter Alice Walton – moved to Bentonville in northwest Arkansas from the eastern side of the state. According to Sam, the town was small enough to satisfy Helen’s need for small-town living.

What happened Arvest Bank?

The bank says its undergoing reconfiguration – As part of a reconfiguration, Arvest is closing 31 of the bank’s branches this summer, including three locations in southwest Missouri. The branches will close at 5 p.m. on Wednesday, June 30. There are 15 in Oklahoma, 12 in Arkansas and four in Missouri.

What is the biggest bank in Arkansas?

Bank of the Ozarks
Bank of the Ozarks (OZK -2.73%) isn’t a large enough bank to get regular attention from national news outlets, but it’s a very interesting story. One piece of the story is a milestone that Bank of the Ozarks passed last year by becoming the biggest bank based in Arkansas.

Is Jim Walton a billionaire?

James Carr Walton (born June 7, 1948) is an American businessman, currently the heir to the fortune of Walmart, the world’s largest retailer. As of March 2022, Walton was the seventeenth-richest person in the world, with a net worth of US$62.5 billion according to Bloomberg Billionaires Index.