Arvest To Purchase 29 Bank Of America Locations

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Arvest Bank will buy 29 Bank of America locations, including nine in Arkansas, Arvest officials announced Thursday.

Arvest will take over certain Bank of America assets, several branch locations and most deposit accounts involving checking, savings and investment accounts. The nine branches switching hands in Arkansas include banks in Russellville, Mountain Home, Harrison, Hot Springs and Hot Springs Village, according to a statement released by Arvest Bank.

The 15 other branches are spread between Missouri, Oklahoma and Kansas.

The transaction will not include credit card, mortgage, brokerage or trust accounts.

Craig Rivaldo, president of Arvest Bank in Fort Smith, said he believes the transaction of the Russellville banking location will help individual customers and companies in the River Valley area.

Many existing Bank of America employees are expected to transition into their current position with Arvest Bank.

“Bank of America customers whose accounts are assigned to these specific branch locations do not need to do anything at this time,” an Arvest statement said. “They should continue to use their current Bank of America checks, debit cards and other products and services until they are contacted by Bank of America and then subsequently by Arvest after the transaction is approved.”

List of Bank of America locations purchased by Arvest Bank:

Arkansas

Street Address

Square Feet

Harrison

700 U.S. Highway 62-65N

3,000

Hot Springs

1550 Malvern Avenue

4,320

Hot Springs

1500 Albert Pike Road

3,118

Hot Springs

4400 Central Avenue

2,181

Hot Springs – Drive-Thru

301 Exchange Drive

N/A

Hot Springs Village

111 Cordoba Center

2,500

Mountain Home

650 South Street

8,922

Russellville

209 West Main Street

11,669

Russellville

121 South Boulder

1,440

Kansas

 

 

Pittsburg

216 North Broadway

19,320

Missouri

 

 

Aurora

138 East Church Street

2,208

Branson

510 Veteran’s Boulevard

4,484

Branson West

18491 State Highway 13

6,078

Carthage

2424 Fairlawn Avenue

1,200

Cassville

503 Main Street

9,200

Forsyth

115 Shadowrock Drive

5,980

Joplin

402 South Rangeline Road

6,100

Lebanon

104 North Jefferson Avenue

9,280

Lockwood

704 Main Street

7,500

Monett

100 East Broadway

4,183

Mountain Grove

111. North Maple Avenue

5,966

Neosho

719 South Neosho Boulevard

3,300

Nevada

401 East Austin Boulevard

11,581

Shell Knob

Highway 39 @ YY

1,860

West Plains

1311 Porter Waggoner Boulevard

1,755

Oklahoma

 

 

Muskogee

230 West Broadway

7,223

Muskogee

333 North 3rd Street

791

Tahlequah

100 South Muskogee Ave

9,629

Tahlequah – Drive-Thru

123 West Shawnee Street

N/A