Springdale Arvest Relocates Private Bank

Arvest Bank-Springdale relocated its private bank department to a remodeled 5,000-SF branch on S. Thompson Street in mid-October.
The private bank was located within Arvest’s main office in downtown Springdale, but Dennis Smiley, president of the market, said the need for the private bank’s services had outgrown the location.
The private bank is now in a office that was one of many acquired by Arvest in 2003 when it purchased Superior Financial Corp. of Little Rock for about $211 million.
Smiley noted that the branch had some overlap with the Arvest office about a mile north, adjacent to a Wal-Mart Supercenter, and that there is also an Arvest inside the Supercenter.
The location is close to Tyson Foods Inc. and the Springdale Country Club, a playground of potential and existing private bank clients, Smiley said.
The branch will continue to offer retail drive-through services because the infrastructure is already present, but has no teller line inside.
As of June 30, the location posted $9.23 million in deposits, about 0.9 percent of Arvest’s $1.01 billion in Washington County deposits, according to the Federal Deposit Insurance Corp.