This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ViewPoint Financial Group, Inc. Announces Planned Retirement Of President And CEO Gary Base

Stocks in this article: VPFG

PLANO, Texas, May 11, 2011 /PRNewswire/ -- ViewPoint Financial Group, Inc. (the "Company"), parent company of ViewPoint Bank (the "Bank"), announced that the Company's President and Chief Executive Officer, Gary Base, has informed them of his intention to retire as President/CEO at the conclusion of 2011. The Company and Bank have begun the process of identifying Mr. Base's successor, as outlined in its succession plan, through a search which will include both internal and external candidates.

"In the 25 years I have led this institution, it has grown from a $120 million-asset credit union to a publicly traded bank with over $3 billion in managed assets," Mr. Base said. "Additionally, the Company recently reported the highest annual earnings in the institution's 58-year history. We have achieved all this due largely to the support of our employees, customers and the board of directors, and I would like to take this opportunity to thank them."

"The Board of Directors appreciates the dedicated and professional service Gary has provided to the bank over the past 25 years," said Chairman of the Board James McCarley. "Under his leadership, the bank has successfully transitioned to a publicly traded community bank since its conversion from a large community credit union charter. He has developed and been supported by a knowledgeable and professional team. As a result of this combined leadership, ViewPoint Bank has experienced comprehensive growth while maintaining quality assets and lending. The Board and Bank team look forward to the next chapter in VPFG's continued growth and success in the financial services arena."

McCarley also indicated an announcement regarding Mr. Base's successor will be made within the next few months prior to Base's departure.

ViewPoint Financial Group, Inc. (NASDAQ: VPFG) is the holding company for ViewPoint Bank. ViewPoint Bank operates 23 community bank offices in the Dallas-Fort Worth Metroplex. For more information, please visit www.viewpointbank.com or www.viewpointfinancialgroup.com.

SOURCE ViewPoint Financial Group, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,671.67 -0.93 -0.01%
S&P 500 2,051.34 -0.48 -0.02%
NASDAQ 4,755.8910 -1.9880 -0.04%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs