Arvest Equipment Finance Recognized by MonitorDaily
FORT SMITH, Ark. (Aug. 24, 2017) – 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 2017 Monitor 100, its annual ranking of the largest equipment finance/leasing companies in the United States. This year’s list is based on 2016 volume, and AEF climbed eight spots to No. 85 after landing at No. 93 in 2015 and No. 100 in 2014.
AEF ended 2016 with $234.7 million in loans and leases. That’s up more than 25 percent from 2015’s $187.6 million, according to MonitorDaily.
“We have experienced record growth the past two years,” said AEF president Eric Bunnell. “This is a result of our strong commitment from the commercial lenders of Arvest Bank working with our equipment finance specialists and our growth in our new vendor program.”
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.
“We are proud of these accomplishments and rankings,” Bunnell said. “Our team is dedicated and works together to be one of the best equipment finance companies every day. These rankings are a measuring tool within our industry and something we strive to achieve every year."