Matt Machen Is a CEO in Both Bear State Bank and Bear State Financial, Inc.

Matt Machen Is a CEO in Both Bear State Bank and Bear State Financial, Inc.
19.01.2017 09:45 am

Matt Machen Is a CEO in Both Bear State Bank and Bear State Financial, Inc.

People Moves

Bear State Bank (“Bank”) and its holding company, Bear State Financial, Inc. (“Company”), announced that the Company’s and Bank’s Board of Directors have elected Matt Machen, current President of Bear State Bank, to become President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank.

Mark McFatridge informed the Bank and Company Board of Directors of his resignation as President and CEO of the Company on January 14, 2017. With the departure of McFatridge, Matt Machen, 35, has been unanimously elected by the Board to serve as President and CEO of both the Company and the Bank. Machen joined Bear State Bank (then First Federal Bank) following a $46.3 million recapitalization of the Bank in 2011 by Bear State Financial Holdings. He successfully led the Bank turnaround in Northwest Arkansas before relocating to Little Rock to become Chief Financial Officer of the Company and the Bank and was promoted to his current role of Bank President in 2016.

“Matt combines strong financial services experience and knowledge of the depth of our management team with a vision for the Company’s future that will be a critical part of our growth and success moving forward,” said Rick Massey, Company and Bank Chairman. “Matt joined our team more than five years ago and has proven to be both a dynamic leader and accomplished at strategy execution. Our board has full confidence in Matt to handle his new responsibilities and feel we are fortunate as a Company to have an executive of his caliber at Bear State.”

Related News

Red Hat Names Paul Cormier President and Chief Executive Officer

Red Hat, Inc., the world's leading provider of open source solutions, today announced that it has named Paul Cormier as president and chief executive officer of Red Hat,... Read more »

CloudMargin Names David White Chief Commercial Officer

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today... Read more »

Diginex Names Chi-Won Yoon as Asia Chairman

Diginex, a digital asset financial services and advisory company, has hired financial services stalwart Mr. Chi-Won Yoon as Chairman of Asia.

Mr. Yoon has more than... Read more »

Refinitiv appoints head of digital solutions for wealth management

Refinitiv today announced the appointment of Charles Smith as head of Digital Solutions, Wealth Management. In this role Mr. Smith will lead Refinitiv’s global digital wealth... Read more »

DTCC Adds Two Industry Veterans to Board of Directors

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, announced the election of two new... Read more »

Brady Harris Joins Dwolla as CEO to Scale Distribution

Dwolla, the programmable payments platform, today announces the appointment of Brady... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel