Arvest Bank has announced a significant leadership change within its mortgage division, naming Pete Boomer as the new President and CEO. Boomer officially stepped into the role on April 22, succeeding Matt Kendall, who retired after an impressive 30-year tenure with the company. This transition marks a new chapter for Arvest Bank Mortgage as it looks to further innovate and enhance its services in the competitive mortgage market.
Pete Boomer brings to Arvest Bank Mortgage over three decades of extensive experience in the financial industry. His expertise spans across various critical areas, including mortgage origination, servicing, and technology. Before joining Arvest, Boomer held the position of president at an independent mortgage company based in Chicago. His career trajectory includes leadership roles at some of the nation’s largest and most respected financial institutions, equipping him with a deep understanding of the mortgage landscape.
Matt Machen, President and Chief Operating Officer of Arvest Bank, expressed enthusiasm about Boomer’s appointment. “Pete’s extensive background in mortgage origination, servicing, and technology makes him a great choice to lead our mortgage division,” Machen stated. He further emphasized Boomer’s customer-centric approach, noting, “His knowledge and customer-first mentality will be valuable as we continue our focus of delivering innovative and competitive mortgage solutions.” This focus on innovation and customer service signals Arvest Bank Mortgage’s commitment to staying at the forefront of the industry under Boomer’s leadership.
The outgoing CEO, Matt Kendall, has had a long and impactful career at Arvest Bank. Joining the company in 1992, Kendall held several key positions, including President and CEO of Waco Title Co., an Arvest Bank Group subsidiary since 2000. He was appointed President and CEO of Arvest Bank Mortgage in 2021, taking over from Steven Plaisance. While retiring from his full-time executive role, Kendall will continue to contribute to Arvest Bank Mortgage by serving as a board member and in an advisory capacity, ensuring a smooth transition and offering his valuable insights.
Kendall shared that his retirement plans include collaborating with his brother, Clay Kendall, at WealthPath Investment Advisors in Rogers. Arvest Bank acknowledged Kendall’s significant contributions, with Machen stating, “We’re grateful to Matt for his service and dedication over the years. His leadership has been key to making Arvest Mortgage a top lender in our region.” This acknowledgment underscores the strong foundation Kendall built for Arvest Bank Mortgage.
Arvest Bank stands as one of the largest banking institutions in the region, serving over 830,000 retail and business customer households. The bank operates more than 200 locations across 14 locally managed banks, extending its reach into approximately 110 communities across Arkansas, Kansas, Missouri, and Oklahoma. According to FDIC data from December 31, 2023, Arvest Bank’s total assets reached $27.6 billion, with deposits totaling $21.7 billion. In 2023 alone, Arvest Bank Mortgage demonstrated its significant market presence by funding 7,101 loans, amounting to a total of $1.9 billion. This robust performance highlights the scale and impact of Arvest Bank Mortgage within the broader financial landscape, and the anticipation for continued success under Pete Boomer’s guidance.
