Federal Reserve Board announces approval of application by Arvest Bank, Arvest Bank Group, Inc., and Arvest Holdings, Inc.
April 02, 2018
Federal Reserve Board announces approval of application by Arvest Bank, Arvest Bank Group, Inc., and Arvest Holdings, Inc.
For release at 2:30 p.m. EDT
The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Arvest Bank, Fayetteville, Arkansas and its parent companies, Arvest Bank Group, Inc. and Arvest Holdings, Inc., both of Bentonville, Arkansas, to acquire Bear State Financial, Inc. ("Bear State"), and thereby indirectly acquire Bear State's subsidiary bank, Bear State Bank, both of Little Rock, Arkansas. The Board also approved the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Arvest Bank to merge with Bear State Bank and establish and operate branches at locations of the main office and branches of Bear State Bank.
Attached is the Board's order relating to these actions.
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