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ProfileCompany or group

Arvest Bank

Lender or loan platform

PPP
Type
Company or group
Role
Lender or loan platform
Programs
PPP
Updated

The profile

Fayetteville, Arkansas bank that made 27,522 PPP loans for $1.66 billion, most of them small, to borrowers in Arkansas, Oklahoma and Missouri.

  • Type: Bank; PPP lender.
  • Legal entity: Arvest Bank, Fayetteville, Arkansas (FDIC Cert. 8728), owned by Arvest Bank Group, Inc. of Bentonville.1
  • Pandemic-relief role: PPP lender in both rounds; lender on one Main Street loan.

SBA's loan-level data list 27,522 PPP loans from Arvest Bank for $1.66 billion. Its average loan, about $60,200, was small for a lender of its size: our lender page ranks it 48th among PPP lenders by number of loans but 88th by dollars. Most borrowers were in Arkansas (11,786), Oklahoma (10,699) and Missouri (3,552).2

PPP

Arvest made 15,340 PPP loans for $1.17 billion in 2020. In 2021 it made 5,516 first-draw loans for $70.7 million, an average of about $12,800, and 6,666 second-draw loans for $416.9 million.2 The file marks 583 of its loans, for $11.7 million, as charged off.2 Under the Federal Reserve's Main Street Lending Program it made one loan, for $11.5 million.3

In fraud cases

Arvest turns up in two criminal PPP cases, once as a lender and once as a bank whose name was borrowed.

  • Aleta Necole Thomas (N.D. Okla.): Thomas pleaded guilty in December 2021.4 At sentencing the government told the court that on April 1, 2021, after federal agents had interviewed her and after she had testified to a grand jury, she "applied for and received another $120,717 from Arvest Bank for her purported home daycare," using fake tax returns and a fake employer identification number.5
  • Maurice Fayne (N.D. Ga.): the indictment charged that Fayne sent United Community Bank, his PPP lender, what he represented as late-2019 statements for Flame Trucking's account at Arvest Bank, when Arvest "had shut down Flame Trucking's account in September 2019."6 His case is on his profile.
  • Maurice Fayne: charged over bank statements for an account Arvest had closed.

Sources

  1. FDIC BankFind Suite, institution record for Arvest Bank (FDIC Cert. 8728), retrieved Sept. 29, 2026. Original: https://api.fdic.gov/banks/institutions?filters=CERT%3A8728&fields=NAME%2CCERT%2CCITY%2CSTALP%2CADDRESS%2CACTIVE%2CESTYMD%2CENDEFYMD%2CNAMEHCR%2CCITYHCR%2CSTALPHCR%2CASSET%2CREPDTE%2CCHARTER%2CREGAGNT%2CCHANGEC1&format=json ↩
  2. U.S. Small Business Administration, PPP FOIA loan-level data (release of Sept. 30, 2024). Original: https://data.sba.gov/dataset/ppp-foia SBA PPP FOIA loan-level data (stored capture) ↩
  3. Federal Reserve Board, Main Street Lending Program transaction-specific disclosures (data as of Jan. 31, 2021; released Apr. 12, 2021). Original: Federal Reserve, Main Street Lending Program transaction-specific disclosures (Apr. 12, 2021) (original: federalreserve.gov) ↩
  4. Petition to Enter Plea of Guilty and Order Accepting Plea, United States v. Thomas (N.D. Okla.), Doc. 77, Dec. 7, 2021. ↩
  5. United States' response in opposition to the defendant's motion for a variance, United States v. Thomas, No. 4:21-cr-00239 (N.D. Okla.), Doc. 101, May 23, 2022. Original: https://ecf.oknd.uscourts.gov/doc1/14712961741 ↩
  6. Indictment, United States v. Fayne, No. 1:20-cr-00228 (N.D. Ga.), Doc. 41, July 28, 2020. Original: Indictment - United States v. Maurice Fayne related docket PPP fraud case (2020-07-28) (original: ecf.gand.uscourts.gov) ↩
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