ViewPoint Financial Group Inc. in Plano, Tex., has announced that longtime President and Chief Executive Officer Gary Base will retire at the end of this year.
Base has headed the company for 25 years and will largely be remembered as the architect of one of the largest and most successful credit union-to-bank conversions in history.
Community Credit Union had roughly $120 million of assets when Base took over as CEO and about $1 billion of assets when it converted to ViewPoint Bank on Jan. 1, 2006. Today, ViewPoint is a 100% stock-owned company with $3 billion of assets and 23 branches in the Dallas/Fort Worth metropolitan market. Last quarter it earned a record $6.6 million, up 142% from the first quarter of 2010.
ViewPoint's chairman, James McCarley, said in a news release that the company would name Base's successor within the next few months.
