Bear State Financial in Little Rock, Ark., has a fresh face as its new CEO.
The $2 billion-asset company said in a press release Wednesday that Matt Machen will have the same title at its bank. Machen, 35, will remain the company's president.
Machen succeeded Mark McFatridge, who resigned last week.
Machen joined the company in 2011 after a $46.3 million recapitalization. He later served as chief financial officer before becoming president last year.
Machen "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," Rick Massey, Bear State's chairman, said in the release. Machen "has proven to be both a dynamic leader and accomplished at strategy execution."
