Arvest Wins Approval to Purchase 29 BOA Branches

Feb 18, 2013

An Arvest Bank in Tahlequah
Credit File Photo-Tahlequah Chamber

FAYETTEVILLE, Ark. (AP) — Arvest Bank has obtained approval from regulators to buy 29 branches from Bank of America Corp.

Fayetteville-based Arvest said Monday that the branches in Arkansas, Oklahoma, Kansas and Missouri represent about $750 million in total deposits.

Arkansas Business reports Arvest expects to close on the branches by March 22, with most operating under the Arvest banner by March 25.

All of the branches are within or near current Arvest markets.

The agreement includes 15 branches in Missouri, nine in Arkansas, four in Oklahoma and one in Kansas.

Copyright 2013 The Associated Press.