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Arvest Equipment Finance announced today it closed more than $418.6 million in gross production in 2021, a record total for the division of Arvest Bank. That represents a year-over-year increase of more than 49 percent.
Additionally, Arvest Equipment Finance’s total portfolio jumped more than 33 percent year-over-year, from $513.7 million in 2020 to $685 million in 2021.
“We are proud of the growth we saw last year and, more importantly, pleased we were able to help so many customers,” Arkansas Equipment Finance president Eric Bunnell said. “The credit goes to our associates. They are the ones who stay focused on finding solutions for our customers and providing top-notch service.
“We’re also excited to see what this year holds. We continue to see great opportunities in the marketplace and have made technology upgrades that will help in the form of automation and other efficiencies. Again, our main focus is to continue to be innovative as we look for new and better ways to serve our customers.”
Arvest Equipment Finance also announced key personnel moves. Katie Crawford and Rick Dierks have been promoted to regional sales manager positions, Suzzanne Salsbury has been promoted to SalesForce product development manager and Clark Parker has been promoted to asset manager supervisor. Chris Massanelli has been hired as an equipment finance specialist for Kansas and Missouri.
“The growth we have enjoyed is allowing us to expand our division, which in turn results in substantial opportunity for attracting new talent and advancement opportunities for those who already are part of our team,” Arkansas Equipment Finance director of sales John Bradford said. “Just as we continue to make investments in technology and innovation, we also are investing in new positions such as compliance officers, data analysts and product developers. It’s an exciting and dynamic time at Arkansas Equipment Finance.”
Additionally, Anna Matthews has been hired as a regional account manager. Matthews has more than 15 years of industry experience, most recently working in a sales capacity for Siemens Healthineers.
“We are thrilled to add a dedicated medical equipment program to our division and Anna will be instrumental in leading the charge,” Arvest Equipment Finance regional sales manager John Raymond Pitre said.
Arvest Equipment Finance is headquartered in Fort Smith, Ark., with locations in Little Rock, Kansas City and Tulsa, and does business throughout Arvest’s four-state footprint.