In July, Fayetteville, Arkansas-based Arvest Bank announced plans to open a loan production office in Frisco, marking its official physical entry into the North Texas market. The office, expected to open later this year at 11025 Preston Rd., will be staffed by a local team of commercial lenders. The bank’s Southwest Oklahoma market, which already manages a portfolio of business loans in the region, will oversee the new office’s operations. The Frisco LPO will focus exclusively on commercial lending.
Arvest Bank has promoted Mark Scott to commercial loan manager and tapped his to lead the team in Frisco. Scott, who joined Arvest Bank in 2008, previously served as a commercial lender in the bank’s Southwest Oklahoma region. The bank is in the process of hiring additional commercial lenders to join the team.
The bank has added three local business leaders to its North Texas bank board. Attorney Rick Warren of Steptoe & Johnson PLLC; Lana Constantine, assistant vice president of brokerage at Dallas-based The Retail Connection; and Lupita Colmenero, chief operating officer and co-owner of Latina Style Inc. and board chair and founder of the Dallas-based nonprofit organization Parents Step Ahead, will serve as regional advisors and community liaisons.
Established in 1871, Arvest Bank operates more than 220 banking offices in Arkansas, Oklahoma, Kansas, Missouri and Texas.
