The regional president of Arvest Bank’s Springfield, Mo. market is moving back to Northwest Arkansas. Brad Crain will be taking over as the president and CEO of Arvest in Benton County.
Crain will assume his new role starting Monday, Jan. 27. Arvest is conducting a search for Crain’s replacement in the Springfield market.
According to Crain’s LinkedIn page, he joined Arvest roughly 14 years ago, starting as a wealth strategist in the bank’s assess management division. He became a regional manager and executive vice president in asset management, followed by the director of sales in Fayetteville before being named Springfield’s regional president in 2014.
“I am honored and humbled to be given this opportunity to come back to Benton County, where my family has roots,” Crain said in a statement. “Additionally, it is one of the most vibrant areas in the country and an important area to Arvest. I look forward to leading the terrific team that is in place, and also to growing our presence and engaging in all of the communities in the Benton County region.”
Crain will replace Craig Rivaldo, according to an Arvest news release. Rivaldo has been appointed an Arvest regional executive.
He holds a bachelor’s degree in history and economics from Hendrix College.