Does is seem surprising that the CEO of Arvest Bank has recently resigned?”
Larry Choate, chairman and CEO of Arvest Bank in central Arkansas since 2004, has resigned, the company confirmed Wednesday morning. “We appreciate Larry’s years of service with Arvest and wish him the best in his future endeavors,” Cliff Gibbs, regional president of Arvest, said in a news release. “The entire team, under the leadership of Larry, Jim Cargill, and our local board, has helped us grow into one of the premiere banks in Central Arkansas.” Cargill, president of the bank since 2000 and an Arvest banker for more than 25 years, “will continue in his executive management role,” according to the release. Gibbs told ArkansasBusiness.com that decision-making was one of Choate’s strengths, and “when he decided he wanted a change, he didn’t dawdle.” A search for his replacement will commence “immediately,” Gibbs said. In the meantime, the central Arkansas branches will be managed by the experienced team that remains in place. T
Larry Choate, chairman and CEO of Arvest Bank in central Arkansas since 2004, has resigned, the company confirmed Wednesday morning. “We appreciate Larry’s years of service with Arvest and wish him the best in his future endeavors,” Cliff Gibbs, regional president of Arvest, said in a news release. “The entire team, under the leadership of Larry, Jim Cargill, and our local board, has helped us grow into one of the premiere banks in Central Arkansas.” Cargill, president of the bank since 2000 and an Arvest banker for more than 25 years, “will continue in his executive management role,” according to the release. Gibbs told that decision-making was one of Choate’s strengths, and “when he decided he wanted a change, he didn’t dawdle.” A search for his replacement will commence “immediately,” Gibbs said. In the meantime, the central Arkansas branches will be managed by the experienced team that remains in place. The central Arkansas division opened a new branch at the University of Arkansas
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