Jacimore named president of Arvest’s Fort Smith market

Mike Jacimore is president of Arvest Bank’s Fort Smith region. He replaces Roger Holroyd, who has been with the bank for more than 30 years and is retiring April 2 after leading the Fort Smith region since 2018.

Prior to Fort Smith, Holroyd was president of Arvest’s Siloam Springs region.

“Roger has been a highly respected and trusted leader throughout his many years with Arvest, and we are happy for this next stage in his life,” Craig Rivaldo, Arvest regional executive for the Southeast Region, said in a statement. “I am confident Mike will continue the great work Roger has done during his tenure.”

Jacimore joined Arvest in 2007 as community president for the River Valley region before becoming sales manager in 2011, representing the entire Fort Smith and River Valley region. Prior to Arvest, he held executive positions with banks in the Fort Smith metro.

“The relationships Mike has built in his 17 years supporting Arvest customers throughout the region make him a great choice to lead our Fort Smith region team. His extensive banking experience will be valuable as we continue to make strategic investments to enhance the customer experience,” Rivaldo noted.

Jacimore has a bachelor’s degree in business administration from the University of Arkansas and has attended various banking and lending schools at Arkansas State University, Southern Methodist University, Louisiana State University and University of Colorado-Boulder.

He is chairman of the Fort Smith Housing Assistance Board and is a board member of the University of Arkansas at Fort Smith Community Investment Fund, focusing on small businesses in the Fort Smith area.

“I am excited about working with an outstanding group of Arvest associates in the Fort Smith region as we continue partnering with individuals and businesses to build stronger local communities,” Jacimore said.

With $1.115 billion in deposits as of June 30, 2023, Arvest has the second largest market share (18.61%) in the Fort Smith market, according to the Federal Deposit Insurance Corp.

First National Bank of Fort Smith has the largest market share (21.95%), with $1.315 billion in deposits as of June 30, 2023. According to the FDIC, the Fort Smith market had $5.993 billion in total deposits among 21 banks active in the market.