Arvest is pleased to announce Pete Boomer has been named the new president and CEO of Arvest Mortgage Division, effective April 22. He replaces Matt Kendall who retired in April after more than 30 years with the organization.

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Boomer, who has over three decades of experience in the financial industry, will oversee management and operations of Arvest Bank’s mortgage business. He most recently served as president of an independent mortgage company in Chicago. Throughout his career, he’s held leadership positions with some of the largest financial institutions in the U.S.

“Pete’s extensive background in mortgage origination, servicing and technology make him a great choice to lead our mortgage division,” said Matt Machen, president and chief operating officer for Arvest Bank. “His knowledge and customer-first mentality will be valuable as we continue our focus of delivering innovative and competitive mortgage solutions.

“We’re grateful to Matt for his service and dedication over the years,” Machen added. “His leadership has been key to making Arvest Mortgage a top lender in our region.”

Kendall began his career with Arvest in 1992, serving in various roles before being named president and CEO of Arvest Mortgage Division in 2021. He will remain with the bank part-time, serving as a member of the Arvest Mortgage Division board and in an advisory role to help with the transition.

In 2023, Arvest Mortgage Division had $1.9 billion in mortgage origination volume.