Small Business Banking Series in Greater Kansas City - Breakthrough Prospecting Strategies

Wednesday, August 29 at 04:00 PM
Category: Arvest Community News

Staying relevant with business development is getting harder and harder. Prospects are even tougher to reach and who’s got time to keep following up to get to an actual engaged decision maker? Wouldn’t it be great if you could have a tour guide who could advise on all the right steps to take with an exciting new prospect?

Referrals are where it’s at! True referrals are already influenced to do business with you prior to even sitting down with them. These opportunities CAN happen intentionally and not just by happy accident.

Our featured speaker, Breandan FIilbert, will lead you through a one-hour, highly interactive session where you will learn:

  • How sales is changing and where you may not be relevant
  • What shifts are necessary to improve your effectiveness
  • Where does referral prospecting fit into your overall marketing effort
  • AND MORE!

Breandan Filbert, Founder and Managing Partner of Salez Works – With over twenty years as a sales person, director, coach and trainer, Breandan’s expertise in sales training, mentoring, planning and strategy has generated more than $200 million in new business for clients across a range of industries. An accomplished sales professional with an outstanding track record, she works with individuals and companies to leverage the power of sales referrals to grow their businesses.

Join Central Exchange, Arvest Bank and Breandan Filbert for this informative session on Thursday, September 13, 2018 from 11:45am to 1:00pm at the Grid (12022 Blue Valley Pkwy, Overland Park, KS). This class is open to the public and registration includes lunch.

Space is limited. Registration is required. Please contact Heather Ober at (913) 261-2265 or hober@arvest.com to reserve your spot today.

Hosted by Central Exchange. Sponsored by Arvest Bank. 

Tags: Kansas City
 

Arvest Skyline Report: Commercial Real Estate Vacancy Rate Increases

Wednesday, August 29 at 03:00 PM
Category: Arvest News

Arvest Bank has released Skyline Reports on commercial real estate in Northwest Arkansas for the first half of 2018.

During the first half of 2018, the overall vacancy rate for commercial real estate increased to 10.8 percent, up from 9.7 percent at the end of 2017. This increase was the result of 421,692 square feet of negative net absorption across all types of commercial space.

The office submarket demonstrated continued strength, as 134,688 square feet of new office space was added while 165,224 square feet was absorbed, leading to the office vacancy rate being unchanged from the second half of 2017 at 9.1 percent. Researchers at the Center for Business and Economic Research (CBER) at the Sam M. Walton School of Business at the University of Arkansas specifically noted the strength of Class A and B office space in Bentonville as being a major contributor to the office sector’s overall positive performance.

The retail submarket, which has been under severe pressure nationally, showed resilience in Northwest Arkansas in the first half of the year. Despite adding 77,000 square feet of new space and the closing of major retailers Sears and Toys “R” Us, the retail vacancy rate remained below 10 percent. The vacancy rate ended 2017 at 8.9 percent and rose to 9.7 percent in the first half of 2018. CBER researchers specifically pointed out that many retail spaces formerly used for selling goods are now being utilized for selling services.

The warehouse submarket was the most significant contributor to the overall total negative absorption as it accounted for 210,335 of negative net absorption, roughly half of the total. Interestingly, this was not because of newly constructed space entering the market but, rather, driven by previously leased warehouse space becoming vacant.

“The office market in Northwest Arkansas continues to show strength and the ability to absorb the new space being introduced in the market,” said Mervin Jebaraj, CBER director. “During this cycle, we were also impressed with the retail market, as it continues to outperform national trends, even as large national retailers close and vacate local retail space. While the vacancy rate increased, it remains at healthy levels, and the market seems to be adjusting to the new retail landscape.

“And while the warehouse sector experienced a very week period in the first half of the year, this has always been a volatile market due to its small size in this area. To have a bad six-month period and still have a vacancy rate of just 8.1 percent tells us that there is no significant reason to worry about the warehouse market as the move to more e-commerce is expected to create sustained, long-term need for warehouse space.”

During the first half of 2018 commercial building permits totaled $188,503,803, a 61.4 percent increase from the $116,812,224 in permits issued in the first half of 2017.

Chris Thornton, loan manager with Arvest Bank of Springdale, said about the commercial market Skyline results, “It is very encouraging to see the commercial real estate market in Northwest Arkansas continue to grow and remain well balanced. We continue to work with our real estate development customers to help them identify the specific types of developments needed to match the growth in the market. Our commercial real estate financing teams will continue helping customers build the right projects at the right place and in the right time.”

The Arvest Skyline Report is a biannual analysis of the latest commercial, single-family residential and multifamily residential property markets in Benton and Washington counties. The report is sponsored by Arvest Bank and conducted by the Center for Business and Economic Research (CBER) in the Sam. M. Walton College of Business at the University of Arkansas.

In 2004, Arvest Bank contracted with CBER to collect information about the local real estate markets. CBER researchers aggregated and analyzed data from local governments, property managers, visual inspections and the business media to provide a complete picture of the status of property markets in the two counties.

CBER provides excellence in applied economic and business research to federal, state and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.

Tags: Arkansas, Arvest, Northwest Arkansas
 

Arvest Branches Closed for Labor Day, Monday, Sept. 3, 2018

Wednesday, August 29 at 02:00 PM
Category: Arvest News

In observance of Labor Day, all Arvest branches, as well as customer service, will be closed on Monday, Sept. 3. We’ll be open normal Saturday hours on Saturday, Sept. 1. We look forward to serving you during normal business hours, resuming on Tuesday, Sept. 4. 

For your convenience, you can bank 24/7 using: 

We wish you a safe and happy Labor Day! 

Tags: Holiday Hours
 

Arvest is One of Oklahoma’s Best

Wednesday, August 29 at 11:00 AM
Category: Arvest News

Arvest Bank is proud to recently have been named by The Journal Record as one of 2018’s “Best Places to Work in Oklahoma.”

According to The Journal Record, this is the second year it has partnered with Best Companies Group “to honor Oklahoma businesses and organizations excelling in creating quality workplaces.”

Companies are chosen based on employee interviews and a review of their workplace policies, practices and demographics. Final ranking positions will be announced at an awards event, to be held Nov. 1 at the National Cowboy & Western Heritage Museum in Oklahoma City.

“On behalf of all our associates in Oklahoma, I want to thank The Journal Record and Best Companies Group for this recognition,” said Brad Krieger, regional executive for Arvest in Oklahoma City. “We put a lot of time and effort into establishing and maintaining a culture that supports our associates, and we think that helps us have happy and satisfied customers. This recognition is a tangible reflection of that effort. We are truly humbled and honored.”

The Journal Record events manager Brittany Attaway said Best Companies Group produces a report that is given to each company that is selected.

“The companies can put these findings into practice immediately for the betterment of the organization,” Attaway said in an article published by The Journal Record.

This honor comes after Arvest was recognized by Forbes magazine in May – and for the second consecutive year – as one of “America’s Best Large Employers” for 2018.

Tags: Arvest
 

Arvest Foundation Contributes $10,000 to Bartlesville Public Schools

Wednesday, August 29 at 09:00 AM
Category: Arvest Community News

The funds will be used for elementary S.T.E.M. programs

Bartlesville elementary students in Bartlesville area will have greater access to resources and enhanced educational opportunities thanks to a $10,000 donation from the Arvest Foundation.

Kyle Hubbard, president of Arvest Bank, recently presented the check at Wayside Elementary to Superintendent Chuck McCauley and Wayside principal Ken Copeland.

The funds will help local elementary schools ramp up their technology capabilities and allow the Bartlesville Public Schools to continue to expand S.T.E.M. programs through Project Lead the Way Launch Implementation.

“The Arvest Foundation’s generosity will allow us to create a more engaging learning experience for our elementary students,” said McCauley. “By expanding our capabilities, we’ve given our students and teachers an even greater avenue for success.”

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Bartlesville Public Schools’ efforts to provide greater educational opportunities for students,” said Hubbard. “We are committed to our public school system and greatly appreciate the work our local teachers and administrators do daily to enrich the lives of their students. This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to education and to the children in the region.”

Over $60,000 has been contributed by the Arvest Foundation in the Bartlesville region to date.

About the Arvest Foundation

The Arvest Foundation seeks to provide funding to grantees who are actively working to create positive change for others. Major areas of focus include: K-12 education, economic development, and enhancing the quality of life throughout the Arvest footprint. For more information, go to www.arvestfoundation.org.

Tags: Bartlesville

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