Arvest Equipment Finance (AEF), a division of Fayetteville-chartered Arvest Bank, has hired Eric Johnston and Jay Bankston as vendor business development representatives.
The new hires are the result of continued growth and expansion of AEF’s vendor program according to AEF division president Eric Bunnell.
Johnston most recently worked for Caterpillar Inc., and also previously worked as a territory manager for IronPlanet. He earned a bachelor’s degree in forestry at the University of Wisconsin-Stevens Point and a master’s in international business and supply chain management at Western Illinois University.
Bankston most recently worked as a regional sales manager for BigIron Auctions. He also has worked for IronPlanet and Victor L. Phillips Co. He earned a bachelor’s degree in agri-business at the University of Louisiana-Monroe.
“I am very excited to be able to add Eric and Jay, two knowledgeable and experienced sales reps to our AEF team,” Bunnell said. “Their expertise is evident, they know a lot of the equipment dealers in the areas where we do business, plus they are great team players that are excited to help us continue our growth and expansion. They will spend the majority of their time developing business with dealerships throughout the Midwest and Southeast.”
AEF closed more than $161 million in new production in 2018, a record total and 52% increase over 2017.
AEF also announced other staff additions related to the expansion of its vendor operations: Carrie Guire and Stacey Nichols, sales support specialists, and Mike Davis, asset manager.