M&A Deal Summary

Arvest Bank Group Acquires Bear State Financial

On August 22, 2017, Arvest Bank Group acquired financial services company Bear State Financial for 391M USD

Acquisition Highlights
  • This is Arvest Bank Group’s 1st transaction in the Financial Services sector.
  • This is Arvest Bank Group’s largest (disclosed) transaction.
  • This is Arvest Bank Group’s 1st transaction in the United States.
  • This is Arvest Bank Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2017-08-22
Target Bear State Financial
Sector Financial Services
Buyer(s) Arvest Bank Group
Deal Type Add-on Acquisition
Deal Value 391M USD
Advisor(s) Kutak Rock (Legal)

Target

Bear State Financial

Little Rock, Arizona, United States
Bear State Financial, Inc. is a community oriented financial institution providing a broad line of financial products to individuals and business customers. Bear State Bank operates 42 branches, three personalized technology centers equipped with interactive teller machines and three loan production offices throughout Arkansas, Southwest Missouri and Southeast Oklahoma.

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Buyer(S) 1

Buyer

Arvest Bank Group

Lowell, Arizona, United States
Category Company
Founded 1976
Sector Financial Services
DESCRIPTION

Arvest Bank Group, Inc. is a provider of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest Bank Group was founded in 1976 and is based in Lowell, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal