East Pointe Elementary School Receives Arvest Foundation Grant

Thursday, September 06 at 10:00 AM
Category: Arvest Community News

Elementary students in the Greenwood area will get a boost to their STEM curriculum thanks to a $5,000 donation from the Arvest Foundation. 


The gift was announced today at East Pointe Elementary School in Greenwood. Jamie Skinner and Beth Presley of Arvest Bank were on hand to present the check.

The Arvest Foundation donation will allow the school to purchase various materials to create a collaborative STEM work space or “Makerspace” inside the school that fosters creativity, flexibility, and persistence through the process of problem-solving.  

"The incredible support provided by Arvest Bank has allowed us to provide a place where our students can explore, discover, and play while solving problems and experiencing learning firsthand,” said East Pointe Elementary principal Josh Ray. “Students at East Pointe are literally begging for more science and math, and we could have never experienced that without Arvest’s generosity. On behalf of every future East Pointe engineer, doctor, architect, and programmer, thank you so much."

Arvest branch manager Jamie Skinner said, “When East Pointe reached out to us with the details of what they were wanting to accomplish with their Makerspace, we knew that we wanted to be a part and help create this incredible experience for all of the students, and students to come. We are thankful that the Arvest Foundation was able to provide this grant for East Pointe and we’re looking forward to seeing this dream become a reality for them.”

 

Tags: Arkansas, Arvest, Arvest Foundation
 

Arvest Bank will be hosting Coffee with the Superintendent

Wednesday, September 05 at 09:00 AM
Category: Arvest Community News

Arvest Bank will be hosting Coffee with the Superintendent on Wednesday, September 12th from 7:30am to 9am. Fayetteville residents are encouraged to stop by and meet newly appointed Fayetteville Public Schools superintendent, Dr. John L Colbert. The event will be held in the downtown Fayetteville lobby located at 75 N. East Ave.


Dr. John L Colbert, a native of Rondo, Arkansas, graduated from Barton High School in 1973 as the first African-American Valedictorian. Attending the University of Arkansas at Fayetteville, he received a BSE in Education (1976) followed by a Master of Education in 1981. He received a Doctorate in Educational Leadership in 2017.

In 1986, Dr. Colbert began his career in education as the first African-American Special Education Teacher at Bates Elementary in Fayetteville. He taught there in both special education (4 years) and the sixth grade (4 years) classrooms until becoming the Principal at Howard Elementary School in Ft. Smith (1984) where he worked until 1987. Returning to work in the Fayetteville district as the first African-American Principal in 1987, Dr. Colbert served as the Principal of Jefferson Elementary School until 1995. In 1995, Fayetteville added two new elementary schools to its numbers. Dr. Colbert was selected to serve at the helm of the newly constructed Holcomb Elementary. Thus, from its inauguration until 2008, Dr. Colbert carried the mantle as head educator and has basked in the warmth of affection shown to him at this diverse elementary school. In 2008, he served as Associate Superintendent for Elementary Education and then in 2016 he became the Associate Superintendent for Support Services. Currently, he is serving as the Superintendent for the Fayetteville Public Schools. 

Dr. John L Colbert has been actively involved in a number of civic and professional groups over the years. One can gain insights into Dr. Colbert’s concern for children as well as the community by looking at the groups that garner his staunch support. Educational and professional groups include: National Association of Elementary School Principals, Phi Delta Kappa, North Central Accreditation Team, Holcomb Elementary School PTA, South Washington County PTA Council, University of Arkansas Partners in Education, “Break The Mold” Schools, Arkansas A+ Advisory Council, Arkansas Athletic Association, and Special Olympics. He is a Former Board Member of the Arkansas Alumni Association. He is the Advisor and Founder of the Northwest Arkansas King Team and founder and past president of the Northwest Arkansas NAACP Branch.

His interest in the community is evidenced by his substantial service on many civic groups. This list includes Kappa Kappa and Omicron Zeta Lambda Chapters of Alpha Phi Alpha Fraternity, Inc. (charter memberships in both chapters). This list of honor would also encompass Chapter Advisor to Kappa Kappa Chapter of Alpha Phi Alpha Fraternity, Inc., Past NPHC Advisor, Founder and Past President of the Yvonne Richardson Community Center Board of Directors, Fayetteville Community Foundation Board of Directors, and Prince Hall Mason (Royal Arch Mason, Knights of Templar, 32nd Degree Consistory, 33rd Degree Grand Inspector General, Order of the Eastern Star, Past Senior District Deputy Grand Master, and currently serving as Grand Treasurer). Dr. Colbert has assisted in the organizing of the Fayetteville’s Martin Luther King, Jr. “I Have A Dream” March for the past 38 years and the MLK Celebration Banquet for the past 21 years where he is serving as the Immediate Past President.   He is a member of the St. James Missionary Baptist Church where he currently serves on the Deacon and Trustee Boards of Directors. He was one of the first recipients of the Historic St. James Missionary Baptist Church Squire Jahagen Award. Taking the directive to and discussing the matter with the Fayetteville Mayor and the City Council, in January 2003, Dr. Colbert was instrumental in securing the naming of a street to honor his beloved brother in Alpha, Dr. Martin Luther King, Jr.

In his rostrum of honor, he received the 2018 Community Service Award from the University of Arkansas Alumni Association, he received the 2016 Phi Beta Sigma Southwestern Region Noble Achievement Award, the 2015-2016 Arkansas Alumni Heart Award, the 2013 NWA Democratic Black Caucus Award, the 2011 Noark Diversity Champion Award, 2008 and 2009 College Brother Advocate of Alpha Phi Alpha Fraternity, Inc., and the 2009 Life Time Achievement Award of Alpha Phi Alpha Fraternity, Inc., 2007 Dr. Martin Luther King Salute To Greatness Award (Arkansas MLK Commission), recognized as the 2006 National Alumni Brother of the Year of Alpha Phi Alpha Fraternity, inducted into the U of A Greek Hall of Fame. Dr. Colbert has received the Outstanding Advisor of the Year Award, and has been recognized as a Kappa Kappa Seven Jewels Award Winner. He received the Dr. Martin Luther King, Jr. Community Award, Special Olympics Leadership Award, Fayetteville Community Citizen Award, Black Alumni Service Award, Masonic Charity Supporter Award, Arkansas District Distinguished Service Award, Alumni Brother of the Year (State and Southwestern Region), and the Southwestern Region Esprit De Fraternite Award. Because of his service to his fraternity, he was bestowed the honor of having two awards named in his honor by the Kappa Kappa Chapter and Omicron Zeta Lambda Chapter respectively; The John L Colbert Brother of the Year Award and The House of Alpha John L Colbert Leadership Award.

He is currently serving his fraternity chapter in the capacity as the Membership Director of his chapter, Membership Trainer for the District of Arkansas, Assistant Area Director, Chapter Advisor, Former National Program Director, and Former Project Alpha Director. In his District, he serves as the District Director of Arkansas, the Past Dean of Alpha University and as a presenter, Project Alpha Member, past treasurer, and as the Director of the Collegiate Scholars Bowl. At the Regional Level, he is the past Regional Treasurer, Director of the Collegiate Scholars Bowl, Member of Project Alpha, Instructor at the Alpha University, and a member of the Election Committee. On the National Level, he is the Immediate Past Chairman of Project Alpha, National Project Alpha Faculty Member, Member of the Election Committee, and a Member of the Grievance and Discipline Committee.  

In his personal accomplishments, Dr. John L Colbert includes his 42 years of marriage to his late wife, Cheryl, (August 23, 1975) and parenthood. They are the proud parents of J’onnelle (a thirty-four-year-old graduate of the University of Arkansas,) and Janneesa, a 28-year-old graduate from Fayetteville High School in Fayetteville, Arkansas (she is a graduate from Arkansas State University, Jonesboro, AR). And two lovely granddaughters, Sy’Ree and Serena. Though he rarely has time to pursue hobbies and recreation, Dr. John L Colbert enjoys swimming, diving, weight lifting, racquetball, tennis, meeting people and traveling. His motto in life is “Through Christ, all things are possible.” 

Tags: Arkansas, Fayetteville
 

Arvest Skyline Report: Commercial Real Estate Vacancy Rate Increases

Wednesday, August 29 at 03:00 PM
Category: Arvest News

Arvest Bank has released Skyline Reports on commercial real estate in Northwest Arkansas for the first half of 2018.

During the first half of 2018, the overall vacancy rate for commercial real estate increased to 10.8 percent, up from 9.7 percent at the end of 2017. This increase was the result of 421,692 square feet of negative net absorption across all types of commercial space.

The office submarket demonstrated continued strength, as 134,688 square feet of new office space was added while 165,224 square feet was absorbed, leading to the office vacancy rate being unchanged from the second half of 2017 at 9.1 percent. Researchers at the Center for Business and Economic Research (CBER) at the Sam M. Walton School of Business at the University of Arkansas specifically noted the strength of Class A and B office space in Bentonville as being a major contributor to the office sector’s overall positive performance.

The retail submarket, which has been under severe pressure nationally, showed resilience in Northwest Arkansas in the first half of the year. Despite adding 77,000 square feet of new space and the closing of major retailers Sears and Toys “R” Us, the retail vacancy rate remained below 10 percent. The vacancy rate ended 2017 at 8.9 percent and rose to 9.7 percent in the first half of 2018. CBER researchers specifically pointed out that many retail spaces formerly used for selling goods are now being utilized for selling services.

The warehouse submarket was the most significant contributor to the overall total negative absorption as it accounted for 210,335 of negative net absorption, roughly half of the total. Interestingly, this was not because of newly constructed space entering the market but, rather, driven by previously leased warehouse space becoming vacant.

“The office market in Northwest Arkansas continues to show strength and the ability to absorb the new space being introduced in the market,” said Mervin Jebaraj, CBER director. “During this cycle, we were also impressed with the retail market, as it continues to outperform national trends, even as large national retailers close and vacate local retail space. While the vacancy rate increased, it remains at healthy levels, and the market seems to be adjusting to the new retail landscape.

“And while the warehouse sector experienced a very week period in the first half of the year, this has always been a volatile market due to its small size in this area. To have a bad six-month period and still have a vacancy rate of just 8.1 percent tells us that there is no significant reason to worry about the warehouse market as the move to more e-commerce is expected to create sustained, long-term need for warehouse space.”

During the first half of 2018 commercial building permits totaled $188,503,803, a 61.4 percent increase from the $116,812,224 in permits issued in the first half of 2017.

Chris Thornton, loan manager with Arvest Bank of Springdale, said about the commercial market Skyline results, “It is very encouraging to see the commercial real estate market in Northwest Arkansas continue to grow and remain well balanced. We continue to work with our real estate development customers to help them identify the specific types of developments needed to match the growth in the market. Our commercial real estate financing teams will continue helping customers build the right projects at the right place and in the right time.”

The Arvest Skyline Report is a biannual analysis of the latest commercial, single-family residential and multifamily residential property markets in Benton and Washington counties. The report is sponsored by Arvest Bank and conducted by the Center for Business and Economic Research (CBER) in the Sam. M. Walton College of Business at the University of Arkansas.

In 2004, Arvest Bank contracted with CBER to collect information about the local real estate markets. CBER researchers aggregated and analyzed data from local governments, property managers, visual inspections and the business media to provide a complete picture of the status of property markets in the two counties.

CBER provides excellence in applied economic and business research to federal, state and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.

Tags: Arkansas, Arvest, Northwest Arkansas
 

Beatrice Johnson Kiwanis Youth Kamp Foundation Receives Arvest Foundation Grant

Monday, August 13 at 02:00 PM
Category: Arvest Community News

Funds will be used to assist with completion of a major utility project to install electricity at the Kamp. 

Beatrice Johnson Kiwanis Youth Kamp Foundation will install electricity at the Kamp thanks to a $5,000 donation from the Arvest Foundation. 

The gift was announced today at the weekly Kiwanis meeting in Russellville. Shawn Bates, community bank president of Arvest Bank was on hand to present the check to Earl “Spud” Westmoreland, Beatrice Johnson Kiwanis Youth Kamp Foundation. 

The Arvest Foundation donation to the Beatrice Johnson Kiwanis Youth Kamp Foundation will be utilized to assist with completion of a major utility project to install electricity at the Kamp. 

“Thanks to a benevolent and much-appreciated grant from the Arvest Foundation, combined with other donations obtained this last year, the Beatrice Johnson Kiwanis Youth Kamp expects to finally break ground in August for our highly anticipated project to provide electricity to the Kamp,” Westmoreland said. “If your group is interested in either overnight camping or attending a Kamp day camp, please contact us by visiting our website at kampkiwanismoar.org.” 

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Beatrice Johnson Kiwanis Youth Kamp Foundation who have dedicated their time to serving and educating the kids and families of the Russellville area.” Bates said. “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to our local community and their families.” 

About the Arvest Foundation

The Arvest Foundation seeks to provide funding to grantees who are actively working to create positive change for others. Major areas of focus include: K-12 education, economic development, and enhancing the quality of life throughout the Arvest footprint. For more information, go to www.arvestfoundation.org.

Tags: Arkansas, Arvest Foundation
 

“Biggest Savers” in Flippin and Yellville-Summit Schools Recognized by Arvest

Thursday, June 07 at 02:00 PM
Category: Arvest Community News

Fifth grade students in Flippin and Yellville-Summit Schools recently learned who among them earned the title of the ‘biggest saver.’ The designation comes after a school year of saving and budgeting as part of Arvest Bank’s annual Dollars and Sense program that teaches students best financial practices.


Arvest Bank recognized Yellville-Summit 5th grader Caleb Hartle for saving $450 during the 2017-2018 school year. Classmate Mikayla White saved the second-largest amount with $178.62. The entire 5th grade class at Yellville-Summit saved a total of $628.62.

The biggest saver among students in Flippin was Adrianne Benedict with $470. Jace Copeland was second, saving $208 and Caden Dawson was the third highest saver, putting back $150. The 5th grade class at Flippin saved a collective total of $1,517.19 by the end of the school year.

Arvest Bank’s Dollars and Sense program teaches students of all ages the importance of saving and budgeting, as well as general information on banks, money, bartering and other relevant topics.

“Two of the most important financial skills we can master are saving and budgeting, and they are habits children need to practice at an early age,” said Tiffany Watkins, assistant vice president and marketing director for Arvest Bank in North Central Arkansas. “Every student walks away from this experience with more knowledge about how to manage their money and they all ended the school year with savings they didn’t have when the school year began.”

Students were encouraged to save their own money throughout the school year and utilize the information they learned in the program to help increase their savings. As students deposited money into their personal savings accounts and brought the deposit slip to class, they received credit for their accomplishment.

For more information on the Dollars and Sense program visit www.arvest.com

 

Tags: Arkansas, yellville

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