Arkansas-based Arvest Bank announced Matt Machen has been named Regional Executive of Enhanced Banking Services. In his new role at Arvest, Machen will manage its equipment finance, wealth management, treasury management, mortgage production, small business administration and group credit administration units, as well as WACO Title, an Arvest affiliate.

In his new role at Arvest, Machen will manage its wealth management, treasury management, mortgage production, equipment finance, small business administration and group credit administration units, as well as WACO Title, an Arvest affiliate.

Machen joined Arvest following its acquisition of Bear State Financial, Inc., the parent company of Bear State Bank. At the time of the acquisition, Machen was President and CEO of the holding company and the bank.

Machen began his banking career in 2003 and joined Bear State Bank (then known as First Federal) in 2011. He was named Chief Financial Officer in 2013 and president in 2016. Machen became President and CEO of the holding company and bank in 2017.

A graduate of the University of Arkansas with a bachelor’s degree in finance, Machen also is a graduate of the Stonier Graduate School of Banking at the University of Pennsylvania and the Executive Financial Leadership Program at the University of Virginia’s Darden School of Business.