The Joplin Globe, Joplin, MO

Top Stories

March 25, 2013

Arvest completes Bank of America deal for locations in Joplin, Pittsburg

— Arvest Bank announced today that it has completed its acquisition of 29 Bank of America branches, including some in Southwest Missouri and one in Southest Kansas.

Arvest entered into an agreement with Bank of America in December 2012 and said it has now taken ownership of eighteen Bank of America branch locations, as well as lease obligations for eleven other branch sites.

Included in the deal are Bank of America locations at 402 S. Range Line Road in Joplin, as well as those in Carthage, Neosho, Lockwood, Monett, Nevada and Pittsburg, Kan. Arvest did not have a Range Line location other than the one at the Wal-Mart Supercenter at 15th Street. Arvest also did not have a Pittsburg, Kan., site.

The Bank of America location acquired in Neosho will close and relocate one-half mile to the Arvest Bank at 739 Harmony St.

Those seven locations will become part of Arvest’s Joplin region, according to Doug Doll, president and chief executive officer of Arvest Bank in the Joplin region.

Other Southwest Missouri Bank of America locations that were sold are in Aurora, Cassville and Shell Knob.

The remaining banks sold range from Branson east to Mountain Grove and West Plains, banks in Muskogee and Tahlequah in Oklahoma, and in several locations in Arkansas.

In all, Doll said, the 29 locations have about $750 million in deposits and represent about 65,000 customers.

As part of the deal, Arvest has taken ownership of the deposit accounts such as checking, savings, IRAs and CDs belonging to households and small business customers. The transaction does not include credit card, mortgage, brokerage or trust accounts.

The deal required approval from the Federal Reserve Board and from bank regulators in Arkansas, where Arvest is based.

Arvest Bank operates more than 260 bank branches in Arkansas, Oklahoma, Missouri and Kansas.

 

1
Text Only
Top Stories
  • r071114redoak2.jpg Red Oak II: Lowell Davis’ ‘dream, art, love’ and final resting place

    The collection of buildings would become a town (though he didn’t intend for it to, and it has never been officially recognized either by the U.S. Postal Service or the state of Missouri).

    July 27, 2014 1 Photo

  • Anti-landfill group seeks grand jury probe

    As more than 200 people filed into Riverton High School on Sunday to attend an anti-landfill group meeting, many stopped to sign a petition asking the Cherokee County District Court to summon a grand jury to investigate how land was acquired by the city of Galena for a proposed landfill.

    July 27, 2014

  • Money clouds farm fight

    For much of the summer, while the campaign surrounding “right to farm” has been focused on its impact on “small, family farmers,” the bulk of the money pouring into the fight has come from big agriculture interests.

    July 26, 2014

  • r072514schoolhouse3.jpg VIDEO: Full of history, one-room schools focus of preservation by local groups

    The old Kings Prairie school sits on a narrow Barry County farm road, surrounded by quiet fields and farmland.

    July 25, 2014 6 Photos 1 Slideshow

  • 072814_jd anderson.jpg VIDEO: Noel strongman advances on talent show

    The past week has been busier than normal for Noel resident J.D. Anderson. Members of the production crew for NBC’s “America’s Got Talent” told him they have shot more footage of him than of other contestants for the next episode. “They said I have the busiest schedule of anyone this week,” Anderson told the Globe in a phone interview Friday. “There’s so many fun things you can do with B-roll as a strongman.”

    July 27, 2014 1 Photo

  • r072314girlgunclub3.jpg Women's league offers practice, social opportunities for gun owners

    The objective for some is to improve their skills for target or competitive shooting, the league's website says. Others, while wanting to improve their skills, also are interested in aspects of self-defense.

    July 27, 2014 1 Photo

  • r072414trainwreck2.jpg Train crash a century ago among area’s worst disasters

    Burk Johnson had been threshing wheat near Joplin when his newlywed son and daughter-in-law picked him up and took him to Joplin’s Union Depot to catch the evening train home to Neosho.

    July 26, 2014 4 Photos

  • 072614 Faith 2.jpg Rich Brown: McDonald County Children's choir combines music with a gospel ministry

    The McDonald County Children's Choir may entertain a lot of people, but the hope is that it will bless even more through its ministry, according to choir director Amber Nelson.

    July 26, 2014 1 Photo

  • Appellate court upholds class-action status for Picher residents

    An appellate court upheld a 2013 ruling on Thursday that a class-action lawsuit brought by former residents of Picher, Oklahoma, against a Tulsa-based appraisal firm involved with the buyout of property in the city can proceed.

    July 25, 2014

  • 1717 Marketplace developer faces more federal charges

    The developer of 1717 Marketplace in Joplin has been indicted with more bankruptcy fraud charges, in addition to those leveled against him last year for a series of bank fraud and wire fraud schemes that totaled more than $3.3 million in losses.

    July 25, 2014