Arra Finance welcomes Nemecek as chief growth officer
Image courtesy of Arra Finance.
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Arra Finance announced via social media the addition of a new chief growth officer whose industry experience dates to 1994.
Now holding the role for the company that came to be via the acquisition of Crescent State Bank’s auto-finance operation is Bill Nemecek, who is bringing more than 25 years of experience across automotive finance, technology, and financial services.
Nemecek first held leadership positions at Summit Acceptance Corp., followed by management roles at Capital One, State National Companies, Global Lending Services, InformedIQ and CarFinance.
Arra Finance announced last September that it closed its acquisition of Crescent Bank’s auto-finance division in a move originally revealed in June of last year.
When Arra Finance first announced the acquisition, the subprime auto finance company said Crescent will retain its branch and online retail banking platforms, as well as its commercial lending program, and Arra would become the servicer for Crescent’s $815 million auto loan portfolio.
Crescent had provided nationwide indirect auto lending since 1991.
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In welcoming Nemecek, Arra Finance said via LinkedIn, “We look forward to the energy, expertise, and leadership Bill brings to Arra Finance as we continue to scale and deliver best-in-class experiences for our dealer partners and consumers.”
