Arvest Financial institution government Jim Cargill retires


Jim Cargill, president and CEO of Arvest Financial institution in central, northeast and southwest Arkansas, will retire on the finish of this yr after an virtually four-decade profession with the corporate, in accordance with a memo despatched to staff Thursday (June 23).

Arvest regional government Craig Rivaldo confirmed the transfer Friday with an announcement.

“We can’t thank Jim sufficient for his dedication to Arvest and his huge contributions all through a major interval of progress for the financial institution,” Rivaldo mentioned. “He might be significantly missed, however we want him all one of the best as he prepares to spend extra time along with his household and enter a brand new section of life. We additionally stay up for working with Jim for the rest of the yr and admire his dedication to – and enthusiasm for – making certain a seamless transition.”

Cargill joined Arvest in 1985 and has labored within the Little Rock market since 1999. He’s the 2022 chairman of the Little Rock Regional Chamber of Commerce and can proceed in that position till his time period concludes on the finish of the yr.

“After greater than 37 years of devotion to my job right here at Arvest, I’ve made the choice to retire so I can tackle a brand new job as full-time ‘Pop’ to my two grandsons,” Cargill mentioned within the memo obtained by Discuss Enterprise & Politics.

Cargill, a previous chairman of the Arkansas Bankers Affiliation, has been head of the central Arkansas market since 2016. He plans to stay with the financial institution via the yr’s finish to assist transition to his successor. The job has not been posted.

“I actually should admit that sharing this information with you is bittersweet,” Cargill mentioned within the memo. “I’ve beloved the numerous Arvest members of the family I’ve had the privilege to know and work with in 5 Arvest banks the place my Cargill household has been positioned. However now my Cargill household attracts me to be rather more obtainable to them presently in my life. Since they adopted and supported me all of my Arvest days, it’s solely truthful.”

Cargill is a local of Lewisville (Lafayette County) and a fourth-generation banker who started his profession at his household’s financial institution, working along with his grandfather, president of First Nationwide Financial institution in Lewisville. His dad and mom, grandparents and great-grandfather had been affiliated with the Lewisville financial institution, and his father was chairman and CEO.

Cargill graduated from the College of Arkansas in 1979. He began his Arvest profession in Rogers and held numerous management roles throughout his profession with the financial institution in a number of Arkansas markets, together with Rogers, Bentonville and Little Rock, in addition to Oklahoma markets Bartlesville and Shawnee.

“Placing on that [Arvest] nametag day after day to reside our Arvest mission assertion is simply as pure as respiration to me,” Cargill mentioned. “It’ll be a giant adjustment, however I wouldn’t commerce a factor. I’ve realized, I’ve grown and I’ve been handled with respect by my friends and leaders. It’s an honor to be related to this nice firm. I’m so happy with it and of you for being part of it.”

Arvest maintains its constitution in Fayetteville however operates greater than 200 financial institution branches in Arkansas, Oklahoma, Missouri and Kansas via a gaggle of 14 regionally managed banks, every with its personal board and administration group.

By property ($26.6 billion), Arvest is Arkansas’ largest financial institution.


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