Arvest Equipment Finance Again Recognized by MonitorDaily
FORT SMITH, Ark. (Aug. 23, 2018) – Arvest Equipment Finance (AEF) has been recognized once again by MonitorDaily, a leading publication of the equipment leasing and finance industry.
The publication recently released the 2018 Monitor 100, its annual ranking of the largest equipment finance/leasing companies in the United States. AEF climbed one spot to No. 84 after being ranked 85th last year. This is the fourth consecutive year AEF has been ranked on the list, landing at No. 100 in 2014 and No. 93 in 2015.
AEF ended 2017 with $248.6 million in loans and leases. That’s up 5.9 percent from 2016’s $234.7 million, according to MonitorDaily.
“We continue to experience record growth in our overall production,” AEF president Eric Bunnell said. “Our team does a great job of working with the lenders in the bank markets to find equipment finance opportunities, as well as developing new vendor relationships.”
AEF, a division of Arvest Bank, also ranked 50th on MonitorDaily’s list of the top 50 bank-owned equipment finance companies in the U.S. This marks the second time AEF has appeared on the top 50 list, which focuses on the performance of banks actively engaged in the equipment finance industry, including net asset size, new business activity and market share, as well as other portfolio metrics, highlights and forecasts.
Additionally, AEF ranked 48th in production within the bank-owned segment, up two spots from last year.
“The AEF team is very committed and takes a lot of pride in these accomplishments,” Bunnell said. “Our associates are dedicated and work hard to exceed customers’ expectations, which makes AEF successful.”