March 28, 2023

Arvest Financial institution promotes Craig Shy to market president in Fayetteville

Craig Shy, who has labored for Arvest Financial institution since September 2004, will take over Nov. 1 because the president and CEO of the corporate’s Fayetteville market. He’s succeeding Donny Story, who’s retiring on the finish of the yr.

Shy has 33 years of banking expertise. He has labored in numerous lending and administration roles and has been government vp and mortgage supervisor for Arvest in Fayetteville since 2013.

“Craig has been an instrumental a part of our success in Fayetteville, and we’re excited for him to step into this new function,” Arvest regional government Craig Rivaldo mentioned in a information launch. “His expertise working alongside Donny will little question serve him nicely, as will his management abilities and deep data of Fayetteville and all of Northwest Arkansas.

“Craig’s promotion offers continuity, but it surely’s additionally thrilling to know he’ll lend his personal distinctive perspective as we proceed to rework to fulfill the altering wants and expectations of our prospects, communities and associates.”

Shy earned a bachelor’s diploma in enterprise administration from the College of Arkansas, majoring in finance and banking. He graduated with honors and distinction for management from the Southwest Graduate Faculty of Banking at Southern Methodist College.

Shy is the present chairman of the board for Fayetteville nonprofit Life Types Inc., a previous chairman of the Fayetteville Chamber of Commerce board and previous president of the Northside Fayetteville Rotary Membership board. He stays lively with each organizations and volunteers for Down Syndrome Connection of Northwest Arkansas and the Nationwide Down Syndrome Congress.

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“I’m very excited concerning the alternative to proceed to work with my teammates in our Fayetteville area, together with Elkins and the communities of west Washington County,” Shy mentioned. “We are going to proceed to work to fulfill the monetary wants of our prospects within the communities we serve. Donny Story has executed an impressive job of main our area for the previous 18 years. I’ve been lucky to be a part of this staff, and I sit up for constructing on the nice tradition that we’ve created right here.”

You may learn extra about Shy on this Northwest Arkansas Enterprise Journal profile in September 2021.

Arvest maintains its constitution in Fayetteville however operates over 200 financial institution branches in Arkansas, Oklahoma, Missouri and Kansas by means of a gaggle of 14 regionally managed banks, every with an impartial board and administration staff.

In response to the FDIC, Arvest had $26.59 billion in belongings as of June 30.