Arvest Records 25.1% Growth in 2016, Announces Personnel Changes

Arvest Equipment Finance recorded a second consecutive year of at least 25% growth in volume in 2016.

After seeing a jump of more than 27.9% in loans and leases from 2014 to 2015, AEF ended 2016 with $234.7 million in loans and leases. That’s a year-over-year increase of 25.1%. Additionally, AEF increased its number of contracts from 1,046 in 2015 to 1,816 in 2016.

“Our growth was a combination of increased volume from the commercial lenders and from our vendor production, which is an area we are focusing on for future growth,” said Eric Bunnell, AEF president. “Our experienced operations team did a fantastic job of meeting the demands for the increased volume, while the sales team was able to increase their joint calls with lenders and vendors, which led to new opportunities.”

In addition, AEF promoted John Bradford to sales manager, while Omar Portillo was hired as manager of credit administration and Rick Dierks as equipment finance specialist for Missouri and Kansas.

Matt Crawley and John Raymond Pitre also recently earned the CLFP designation. Arvest employs nine of the more than 400 CLFPs in the U.S. and Canada. That total ties Arvest for the sixth-highest number of CLFPs among all companies.

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