Arvest Equipment Finance closed more than $279 million in new production in 2020, setting a record total for the company, which is a division Arvest Bank. The increase represents a 13.4% year-over-year jump.

“I am so proud of our AEF team and its resilience,” Eric Bunnell, president of Arvest Equipment Finance, said. “Like many companies, we were faced with a lot of challenges in 2020, but our team remained flexible and kept its focus on providing excellent customer service in spite of whatever challenges arose. The result, in addition to a lot of satisfied customers, was another year of record production and a very rewarding year for all our team members.”

Additionally, Arvest Equipment Finance’s total portfolio jumped from $421.8 million in 2019 to $513.7 million in 2020, marking a more than 21% year-over-year increase.

Arvest Equipment Finance also named John Bradford director of sales and John Raymond Pitre a regional sales manager.

“With our continued growth, we had a need to separate our sales associates into bank and vendor production teams,” Bunnell said.

Bradford has more than 20 years of industry experience, including more than six years with Arvest Equipment Finance. He most recently served as sales manager. Bradford received the Certified Lease & Finance Professional designation in 2015.

“John Bradford has done an amazing job overseeing the production growth and will continue to lead all bank sales activities in this new role,” Bunnell said.

Pitre has 10 years of industry experience and has been an Arvest Equipment Finance team member since 2015, focusing largely on developing vendor relationships. Pitre is also a CLFP.

“John Raymond will lead our vendor team and continue to look for new relationships in that regard as we continue to expand our footprint,” Bunnell said.

Arvest Equipment Finance is headquartered in Fort Smith, AR., with locations in Little Rock, AR; Kansas City, MO; and Tulsa, OK. It does business throughout Arvest Bank’s four-state footprint.