Auto Loans: Bigger Down Payment or Paying Off Other Debt?

Thursday, June 20 at 01:00 PM
Category: Personal Finance

When you take out a loan for a car, some people argue you should put down the biggest possible down payment, so your monthly payments are lower and you can pay it off quicker. Others advise prioritizing paying off other existing debts over making a big down payment. In reality, the solution that’s right for you depends on your financial situation.

You can get a low APR car loan with little or money down (with good credit). Use savings to pay off credit cards or other debt, not as a down payment. Buying a car, new or used, is a financial commitment. You can make a down payment, reducing the amount you’ll have to pay monthly on the vehicle. But what if you have more pressing debt, like credit card or student loan debt?

Does it make sense to sign up for a car payment plan and use the short-term cash to pay other debts first? We’ve analyzed the pros and cons of each choice. Read more here*.

 

*Link is a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Financial Education
 

Arvest Foundation Contributes $15,000 to Bartlesville Public Schools

Thursday, June 20 at 01:00 PM
Category: Arvest Community News

Bartlesville elementary students in Bartlesville area will have greater access to resources and enhanced educational opportunities thanks to a $15,000 donation from the Arvest Foundation.

Annah Fischer, Arvest Bank marketing manager, and Earl Sears, Arvest Bank business development representative, recently presented the contribution at the June Bartlesville Public Schools board meeting.

The funds will help local elementary schools ramp up their technology capabilities and allow the Bartlesville Public Schools to continue to expand S.T.E.M. programs through Project Lead the Way Launch Implementation

“The Arvest Foundation’s generosity will allow us to create a more engaging learning experience for our elementary students,” said McCauley. “By expanding our capabilities, we’ve given our students and teachers an even greater avenue for success.”

 

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Bartlesville Public Schools’ efforts to provide greater educational opportunities for local students,” said Sears. “We greatly appreciate the work our local teachers and administrators do daily to enrich the lives of their students. Arvest Bank and the Arvest Foundation are committed to education and children in the Bartlesville region.”

 

About the Arvest Foundation

The Arvest Foundation seeks to provide funding to grantees who are actively working to create positive change for others. Major areas of focus include: K-12 education, economic development, and enhancing the quality of life throughout the Arvest footprint. For more information, go to www.arvestfoundation.org.

 

Tags: Arvest Foundation, Bartlesville
 

Arvest Bank Adds Murphy to Commercial Banking Group

Tuesday, June 18 at 02:00 PM
Category: Arvest Community News

Arvest Bank is pleased to announce it has hired Stephanie Murphy as a commercial banker.

Murphy brings 11 years of industry experience to Arvest, where she will generate, evaluate and approve commercial loans, among other duties. Murphy’s specific areas of expertise are: healthcare financing, dental equipment and business acquisition financing, SBA loans for startup or expansion, leasing, investment property and commercial real estate financing, and accounts receivable and inventory financing. She will be based out of the Arvest branch located at 730 N. National Ave.

"Stephanie's 11 years of business lending experience will be a great addition to the team,” said Steve Kelly, commercial loan manager for Arvest in Springfield. “She will be a strong culture fit and team player. We are excited to have her join the Arvest family."

Murphy earned a degree in business administration at Vatterott College. She also completed the Missouri Bankers Association’s Advanced Lending School and Omega Performance’s Financial Accounting for Lenders course.

Murphy serves as a board member for Big Brothers Big Sisters of the Ozarks, and also is involved with the Missouri Bankers Association and its Young Bankers Leadership Division, the Springfield Area Chamber of Commerce, and The Network. She lives in Springfield with her husband, Matt.

Tags: Arvest, Springfield
 

Arvest Provides More than 2.4 Million Meals

Tuesday, June 18 at 09:00 AM
Category: Arvest News

Arvest Bank launched its annual Million Meals initiative to fight hunger in the four-state region the bank serves two months ago. Today, the bank announced that with the help of customers and community members, it has exceeded the campaign goal by raising a record total of 2.4 million meals in the fight against hunger. This is the second consecutive year for a record total of meals raised.

Launched in 2011, Arvest’s Million Meals campaigns have raised a nine-year total of 16,068,971 meals, which includes more than $2.8 million in funds given directly to the bank’s dozens of local food partners.

This year’s campaign total of 2,468,873 meals was made possible through donations from the bank, Arvest associates, customers and community members through fundraisers, events and nonperishable food drives in all Arvest branches throughout April and May. With summer here, the success of the campaign is especially meaningful because many schoolchildren will be without the meals they ordinarily receive at school.

The bank’s decision to provide one million meals was based on the fact hunger is an issue in every community it serves. In 2017, 11.8 percent of American households were food-insecure, meaning they had difficulty at some time during the year providing enough food for all their members due to a lack of resources.

Tags: 1 Million Meals, Arkansas, Arvest, Kansas, Missouri, Oklahoma
 

Arvest Bank Announces Charities to Benefit From Annual Golf Tourney

Tuesday, June 18 at 06:00 AM
Category: Arvest Community News

Arvest Bank in North Central Arkansas will host the 23rd Annual Charity Golf Tournament on Saturday, Aug. 24 at Big Creek Golf and Country Club in Mountain Home.

Proceeds from the annual tournament benefit area nonprofit organizations that are chosen after an application process. The organizations that will benefit from the 2019 Charity Golf Tournament include Imagination Library of Baxter County, School of New Hope, Serenity, Inc., and Sanctuary, Inc.

The Imagination Library of Baxter County is a local chapter of Dolly Parton’s international book gifting program that mails free, high-quality, age-appropriate books to children from birth to 5 to promote preschool literacy and a culture of reading at home. Children who meet the age requirement may receive books, regardless of their family’s income level.  

The Imagination Library of Baxter County was created three months ago and already serves children in 282 households.

The School of New Hope, established in 1969, provides support services for adults in Marion County and surrounding areas who have developmental disabilities. The nonprofit organization works with clients to teach skills that will enable them to live as independently as possible, addressing various areas that include development, home skills, budgeting, cooking, personal management, exercise, socialization and more.

Serenity, Inc. is a nonprofit organization in Mountain Home that provides shelter and outreach to all victims of domestic violence, their children and pets. The organization also provides basic necessities, support and legal resources and education for its clients.

Sanctuary, Inc. in Harrison provides a temporary shelter, support, education, advocacy and outreach services to women and children who are victims of domestic violence. The organization also works to increase public awareness of family violence and abuse, in addition to educating the community on the resources available to victims of domestic violence.

“Residents across North Central Arkansas are fortunate to have access to the work these nonprofit organizations do for our communities and, as community partners, we want to help sustain these efforts however we can,” said Mike Willard, president and CEO of Arvest Bank in North Central Arkansas. “Participation in this annual tournament has allowed us to provide $201,400 to numerous charities since it began, and we encourage our area golfers and businesses to participate and help us be successful again this year.”

The tournament begins with a shotgun start for all players at 8:30 a.m. Golfers will receive prizes for a hole-in-one as well as other prizes. For information on sponsorships or to register a team, contact Cindy Sutterfield at csutterfield@arvest.com or (870) 449-7150.

Tags: Arkansas, Arvest, North Central Arkansas

Choose one or more categories to subscribe to:

Cancel