Arvest Equipment Finance, a Fort Smith-based division of Arvest Bank of Fayetteville, has moved up in industry publication MonitorDaily’s annual ranking of the largest equipment finance/leasing companies.
Arvest climbed seven spots to No. 66 on the list after ending 2021 with $685 million in loans and leases, a 33% increase from 2020. It’s Arvest Equipment Finance’s eight straight year on the list.
The division also rose in the publication’s annual ranking of overall production from No. 73 to No. 55. New business volume in 2021 jumped more than 49% to $418.6 million. Arvest has been ranked in that category for 10 years straight.
“We always look forward to the Monitor rankings each year to see how we stack up with our peers,” Eric Bunnell, division president, said in a news release. “Our team continues to focus on growth while
maintaining high credit quality. We also are excited about our current technology initiatives that will provide more automation and innovation for our customers.”
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