Change is in the Bear. As you’ve probably heard, our big change at Bear State is that we’re merging with Arvest Bank pending regulatory approval. What does this mean for you? This first Q&A should answer some of your more pressing questions. We’ll be the first to admit that we don’t have all the answers today. We don’t even know all the questions yet. But not to worry, as we’ll be here with you through the transition and beyond. After all, Bears are fiercely loyal and adaptable!
Bear State News
So Bear State Bank is merging with Arvest pending regulatory approval. Does this mean a prolonged hibernation for The Bear? Who knows, but let’s have some fun with it! That means a series of contests where you, fellow FOB (Friend of Bear), help us plan his unmapped future.
Residents of the Bear State looking for a diversion during the cold winter months and into the spring have the option of enjoying world-class thoroughbred racing at Oaklawn Park in Hot Springs. The season opens January 12 and runs through April 14. During this time, people from all over the south and beyond will come to Oaklawn to witness racing at its highest level.
Five to Follow asks Arkansas Economic Development Commission Executive Director Mike Preston to share his five favorite media sites. A Florida native who held a similar position in that state, he was tapped for this job by Gov. Asa Hutchinson in March 2015.
As you may be aware, Equifax recently announced a large data breach of their systems that is expected to impact over 143 million consumers. While this is not a breach associated with Bear State Bank, we strive to protect our customers through information and education. Bear State Bank places the highest priority in the security of your accounts and information.
If you want a meeting with one of the more successful business owners in the Springfield area, don’t go looking in a high-rise building with glassed-lined corner offices with city views. Instead, you will have better luck by knocking on the door of a modest, metal office building with nothing more than an address on the front door. There you will find Michel Shay, whose business portfolio includes more than a dozen restaurants, a convenience store, two wildlife ranches and a farm.
The Bear has some news to share, ok, roar about! An agreement has been signed where Arvest will acquire Bear State and come together as one customer-focused bank. Embracing change is a key part of who we are at Bear State and we couldn’t be more proud to join the Arvest family.
Anyone who has wired money from one country to another knows the high costs associated with fees and less-than-favorable exchange rates. And it’s a slow process, often taking up to four days to make the transfer. Bear State Bank has partnered with LumoXchange of Little Rock, a company that plans to significantly reduce these costs while speeding up the process.
Bear State Financial, parent company of Bear State Bank, placed 19th on Fortune’s list of the Top 100 Fastest-Growing Companies list.