Arvest building new branch in Gentry
GENTRY -- Arvest Bank announced that a new branch will soon be coming to Gentry.
The new branch will be located on the same lot as the current location, at 320 East Main Street, and this current location will remain operational throughout construction of the new branch. Groundbreaking is expected to take place in May.
As many national and regional banks are abandoning smaller communities or reducing branch services or hours, Arvest Bank has continued to grow and update its branch network. In the past year, Arvest Bank has added more than 30 new locations, either by acquisition or construction.
"I am thrilled to announce we will be building a new, larger branch to serve our customers here in Gentry and the surrounding communities," said Roger Holroyd, local market president for Arvest Bank. "This branch allows us to have more space and provide more resources for our customers. Our focus on community-based banking is stronger than ever and this new branch will allow us to continue to serve our customers well."
The building that houses the branch in Gentry first opened on July 26, 1966, and was originally built as Bratt-Wasson Bank. First National Bank bought Bratt-Wasson and, later, Arvest Bank purchased First National Bank. The new branch will be 3,185 square feet, which is nearly double the size of the current branch, and will have an updated layout and look.
Groundbreaking will occur in May, with construction lasting roughly six to eight months. The branch will cost approximately $1.5 million to build.
"We will be keeping the community updated on our ground breaking and grand opening activities," Holroyd said. "We are very excited to get the process underway.
About Arvest Bank
Arvest Bank operates more than 260 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a network of 16 locally managed banks, each with its own board and management team. These banks serve customers in more than 120 communities with 12-hour weekday banking at most locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an equal housing lender and member of FDIC.
Arvest Asset Management offers wealth management, trust services and insurance products. Securities and insurance products are not FDIC insured, may lose value and are not guaranteed by the bank.
General News on 04/16/2014