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Oklahoma financial briefs for March 26, 2014

Oklahoma financial briefs for March 26, 2014
Oklahoman Published: March 26, 2014

Financial briefs

Division of Arvest finds success

Seven years after its founding, Arvest Equipment Finance, a division of Arvest Bank, ended 2013 with $132.3 million in loans and leases. That was an increase of 8.1 percent from 2012. “Financing equipment is a great option for business owners as it gives them flexibility and the option to preserve resources for other needs,” Arvest Equipment Finance President Kyle W. Gilliam said. “Here, we are in the fortunate position of having close relationships with Arvest lenders, and so we’ve been able to successfully inform customers about the benefits of using AEF.” Arvest Bank operates more than 260 bank branches in Oklahoma, Arkansas, Missouri and Kansas.

Insurance Day invite extended

Oklahoma consumers are invited to Insurance Day from 9 a.m. to 4 p.m. April 3 on the fourth-floor rotunda at the state Capitol. Insurance Commissioner John D. Doak said the event offers an opportunity for participants to learn more about insurance options. “Our knowledgeable staff can discuss the benefits of earthquake insurance, explain available discounts for home and auto policies and help resolve claim issues,” Doak said. Representatives from the Consumer Assistance Division, Anti-Fraud Unit, Medicare Assistance Program and other Oklahoma Insurance Department divisions will be available to speak with consumers. Consumers also can pick up an Insurance Consumers Bill of Rights, a home inventory flash drive and the agency’s Post-Disaster Recovery Guide. “The flash drive has all you need to create a home inventory, which saves you so much time and money after a catastrophic loss,” Doak said. “The Post-Disaster Recovery Guide is also a great resource. We hope you never need it, but if you do, it can walk you through the claim process step-by-step and point out potential pitfalls. Now is a great time to get prepared for severe weather season.” Consumers with insurance-related questions also can call the Consumer Assistance Division at (800) 522-0071.

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