Arvest Bank is now a part of the Kansas City market

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Arvest Bank, the $10.7 billion profitable Arkansas-based lender owned chiefly by the Walton family of Wal-Mart Stores fortunes, completed its entry into the Kansas City market over the weekend.

Its signs are up already and its computers connected with what had been the three branches of Harrington Bank.

Harrington was owned by the struggling California-based thrift Los Padres Bank, which had agreed in August to sell the Kansas City operations to Arvest.

Already the new owners are expanding payroll, with plans to expand banking hours and add locations.

Kansas City market president Mark Larrabee said the bank ended the day last Friday with 27 employees and opened Monday morning with 40.

The larger work force included transfers in and new local hiring, Larrabee said.

“We’ve got a lot of hiring to do,” he added.

The bank’s main number at its Mission office is 913-261-2265. Or you can go online to www.arvest.com and enter its career center.

| Mark Davis, mdavis@kcstar.com

Posted on Mon, Nov. 09, 2009 10:15 PM

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