Arvest Bank is making a big move in Oklahoma.
The Bentonville-headquartered bank is leasing 40,000 square feet of space in a 16-floor tower in Oklahoma City. Arvest Bank will occupy the first floor and mezzanine level of the building, which is expected to be renamed Arvest Tower.
Arvest is establishing its Oklahoma headquarters in the new downtown Oklahoma City space. It addition, the bank will offer a range of services, include personal, commercial and wealth management banking services, at the Arvest Tower location.
“This downtown Oklahoma City location and statewide expansion for Arvest Bank signals several key directions for us,” Brad Krieger, chairman of Arvest Bank of Oklahoma City and regional executive vice president of Arvest Bank Group Inc., said in a news release. “It’s a vote of confidence in Oklahoma City and the downtown area, as well as the entire state. We’ve been involved in the growth and support of community-wide efforts with the Oklahoma City Chamber, Tulsa Regional Chamber and others across the state. We want to continue that support and even deepen our involvement in the future.
Renovations will be made to the building, from updating the lobby to removing walls. These renovations are currently projected to be finished by fall 2020.
The bank is leasing its space from BOKP INVESTORS, LLC.
Founded in 1961, Arvest Bank has roughly 260 locations in Arkansas, Missouri and Oklahoma. According to the bank’s website, there are 91 Arvest locations in Oklahoma.