Arvest Bank announced Thursday the promotion of Jim Cargill to president and CEO for the bank's central Arkansas market.
Cargill currently is president and sales manager for the market, where he is responsible for retail and consumer banking operations. He will succeed CEO John Womack, who will retire on Sept. 30.
In his new role, Cargill will be responsible for all aspects of banking operations and strategic direction for Arvest in central Arkansas, which includes more than 450 employees and 32 banking locations.
"Jim has been part of our growing company for more than 30 years and has greatly contributed to the success of Arvest by ensuring we deliver customer-focused banking, provide customers with convenient and comprehensive financial solutions and stay on the cutting-edge of emerging new technologies in our industry," Womack said in a news release. "I'm excited for Jim to take over leadership of the great team here in central Arkansas and look forward to the continued success he will foster for our customers and our communities."
Womack joined Arvest in 1999 and served for 11 years as president of the bank's Fort Smith market before being named CEO of the central Arkansas territory.
Cargill is a native of Lewisville (Lafayette County) and a fourth-generation banker who began his career at his family's bank, First National Bank in Lewisville.
He has held a number of leadership roles during his career with Arvest and has worked in Rogers, Bentonville and Little Rock. He serves on the board of the Arkansas Bankers Association, the University of Arkansas at Little Rock Foundation, Our House and the Little Rock Regional Chamber of Commerce. He is a member of the Rotary Club of Little Rock.