Arvest Bank and its parent, Arvest Bank Group Inc. of Bentonville, said neither would apply for capital funds through the U.S. Treasury Department's Capital Purchase Program

Arkansas Business, Dec 1, 2008

> Arvest Bank and its parent, Arvest Bank Group Inc. of Bentonville, said neither would apply for capital funds through the U.S. Treasury Department's Capital Purchase Program. "Arvest evaluated the provisions of the Capital Purchase Program carefully and made a business decision not to apply for the funds due to the strength of our balance sheet and our capital exceeding federal standards for being well-capitalized," said Kevin Sabin, president and chief operating officer.