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Arvest Bank is a bank headquartered in Bentonville, Arkansas, with branches in Arkansas, Kansas, Oklahoma and Missouri. It is the oldest bank in Arkansas and is on the list of largest banks in the United States. It is almost entirely owned by the Walton family. [3] Jim Walton serves as the chairman. [4]
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The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
Duke joined Walmart in 1995, serving as the executive in charge of the company's international operations. He became the CEO of Walmart in February 2009, [2] succeeding Lee Scott. Duke also serves on the board of directors for the Retail Industry Leaders Association and Arvest Bank's community advisory board.
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The service can place multiple millions in deposits per customer and make all of it qualify for FDIC insurance coverage. [3] [4] A customer can achieve a similar result, as far as FDIC insurance is concerned, by going to a traditional deposit broker or opening accounts directly at multiple banks (although depending on the amount this could require a lot more paperwork).
Jim Walton, chairman of Arvest Bank and former board of directors at Walmart Inc. S. Robson Walton, former senior vice president and chairman of Walmart Inc. and principal owner of the Denver Broncos; Ed Wilson, CEO and founder of Dreamcatcher Media LLC, former president of CBS Enterprises, NBC Enterprises, and Fox Broadcasting Company