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Arvest Bank to purchase 29 Bank of America sites

By The Associated Press

This article was published December 13, 2012 at 5:01 p.m.

— Arkansas-based Arvest Bank has announced an agreement in which it will purchase 29 banking locations in Arkansas, Oklahoma, Missouri and Kansas from Bank of America Corporation.

Terms of the purchase were not released.

Arvest says it will acquire Bank of America assets at the involved banks that include checking, savings, IRA and CD accounts. The transaction does not include credit card, mortgage, brokerage and trust accounts.

The banks involved are in Hot Springs, Hot Springs Village, Mountain Home and Russellville in Arkansas. Aurora, Branson, Branson West, Carthage, Cassville, Forsyth, Joplin, Lebanon, Lockwood, Monett, Mountain Grove, Neosho, Nevada, Shell Knob and West Plains in Missouri and locations in Pittsburg, Kan., and in Muskogee and Tahlequah in Oklahoma.

Arvest said in a news release that the purchase is pending approval of regulators.

Read more on this story in tomorrow's Arkansas Democrat-Gazette Business section.

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