Arvest Bank Group Announces Acquisition of Caney Valley Bancshares

Arvest Bank Group, Inc., has entered into a definitive stock purchase agreement with Caney Valley Bancshares, Inc., it was announced yesterday by David Kedy, President of Arvest’s operations in Bartlesville.
Arvest is based in Bentonville, Ark. And Caney Valley Bancshares is a $43 million bank holding company based in Caney, Kan.
The merger will allow customers of Caney Valley National Bank to use any of the existing Arvest branches, including four that currently operate in Bartlesville and one in Dewey.
The Caney Valley National Bank will begin operating under the Arvest brand name in the first quarter 2007, after the transaction is complete.

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