Arvest Bank is pleased to announce Brad Crain has been named president and CEO for the bank in Benton County, effective Jan. 27.

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Crain has been president of Arvest in Springfield, Mo., since May 2014. He began his career at Arvest in 2006 as regional investment officer for Bentonville, and later served as executive vice president of Arvest Bank and director of sales for Arvest Wealth Management, as well as director of the Investment Management Group of Arvest.

Crain replaces Craig Rivaldo, who now serves as a regional executive.

“Brad’s wealth of knowledge, experience and perspective makes him the ideal person to lead Arvest in Benton County,” Rivaldo said. “His passion for serving our customers and the community is well-established and will become quickly evident to anyone who doesn’t know him. I know he is excited to get back to Benton County, where he originally started with Arvest, and have a positive impact here in our community.”

Crain is a graduate of Hendrix College. He is a Certified Wealth Strategist® and holds several securities licenses from the Financial Industry Regulatory Authority (FINRA).

Crain is a former member of the Bentonville City Council and former board member for the Bentonville Convention & Visitors Bureau. In Springfield, he recently served as president of the Springfield Business Development Corporation, vice president of the Downtown Council of Springfield, treasurer of Ozarks Food Harvest and as a board member for the Missouri State University Foundation, among numerous other civic endeavors.

Crain and his wife, Jeannette, have three children.

A search for a new president in Springfield is under way and an announcement will be made when a successor is selected.