Arvest Waldron Ar (2024)

FAQs

Is Arvest Bank owned by Walmart? ›

Arvest Bank is not owned by Walmart, but it is controlled by the descendants of Sam Walton, the founder of Walmart. Sam Walton's son, Jim Walton, is the chairman of Arvest Bank.

The bottom line: Arvest Bank is a good option if you live in Arkansas, Kansas, Missouri, or Oklahoma, and want a bank with a local presence. It pays some of the best CD rates for a regional bank, and it has a good money market account rate.

Farmers Bank and Trust Co. is set to buy Arvest branches in Ashdown, De Queen, Dierks, Glenwood, Mount Ida, Nashville, Paris, Broken Bow, Okla., and Idabel, Okla. Arvest said the sale is expected to close in the first quarter of next year.

Depending on the type of check that you deposit, funds may not be available until the 2nd business day after the day of your deposit.

Lowes is owned by Lowe 's Companies , Inc. , a publicly traded company based in the United States , while Walmart is owned by Walmart Inc. , also a publicly traded company based in the United States .

Arvest's charter dates back to McIlroy Bank & Trust, founded in 1871. In 1975, another bank was purchased in the neighboring town of Rogers, and for almost a decade afterwards these banks, each locally managed, were the entire banking network now known as Arvest.

The numbers suggest that Morgan Stanley's acceptance rate for students was a miniscule 0.43% in EMEA, twice as competitive as Goldman Sachs and almost four times tougher than Citigroup's 1.58%. By comparison, the easiest global program to get into was Bank of America's.

1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

Arvest Bank serves customers in Arkansas, Kansas, Missouri and Oklahoma. Use our branch locator below to search and find a location near you or view a full list of locations.

Who did Arvest Bank merge with? ›

Most recently, Arvest acquired Bear State Bank, which introduced the bank to new communities in northeast and southwest Arkansas, southern Missouri and southeast Oklahoma. Today, Arvest has more than 200 banking locations that are part of 14 locally managed banks in more than 110 communities.

The Story. Arvest, a $26 billion-asset bank with more than 230 branch locations, was facing a costly dilemma.

It's not just deposits, either. Banks are required to report any transaction of over $10,000, including withdrawals. And if you think you can avoid reporting by separating your big transactions into smaller ones, you'd be wrong. This is known as "structuring," and banks are required to report that, too.

As long as the source of your funds is legitimate and you can provide a clear and reasonable explanation for the cash deposit, there is no legal restriction on depositing any sum, no matter how large. So, there is no need to overly worry about how much cash you can deposit in a bank in one day.

In most cases, a check should clear within one or two business days. There are a few cases in which a check might be held for longer, such as if it's a large deposit amount or an international check. Make sure to review your bank's policies for what to expect in terms of check hold times.

Walmart MoneyCards are issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc.

Walmart is also the largest private employer in the world with 2.1 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.

Arvest Bank is a wholly-owned subsidiary of Arvest Bank Group, Inc. which in turn is privately held with the principal shareholders owning a very large majority of the total outstanding shares with the remaining shares owned by employees or directors.