14 Billion Dollars...Yes, Billion. With a B.

February 27, 2021

Business

14 Billion Dollars...Yes, Billion. With a B.

NWA Daily (Arvest Bank, Northwest Arkansas)

As of December 31 2020, Arvest Bank's wealth management division has grown its assets under management, surpassing the $14 billion mark. In addition, Arvest Wealth Management reported $69 million in revenues last year.

  • In 2020, the division’s assets under management increased by $1.2 billon, adding to the $13.2 billion under management in 2019. Revenues for the company remained fairly steady from 2019 to 2020, reporting $69.6 million in 2019 and $69 million in 2020.
  • “COVID-19 caught the world by surprise and sent shockwaves through the financial markets. Our investment and trust advisors embraced a rapid rollout of new communications technology and provided their customers with much-needed guidance," said Arvest Wealth Management President and CEO Jim King. -Arkansas Money & Politics
  • Arvest Bank is the 87th largest bank in the United States when it comes to asset's managed.

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