BANGOR, Maine–Bangor FCU has named a new CEO. The $150-million CU has selected Basil Closson to lead the organization.
Closson was previously CFO and will replace Steve Clark, who is retiring as president/CEO after 32 years at BFCU.
Prior to joining the credit union as CFO in 1994, Closson was a principal examiner at NCUA and spent time at the Region 1 Office performing quality control reviews of examination reports.
"It is a great honor to be selected by the board to become the new president and CEO of Bangor Federal,” Closson said in a statement published by the Maine league. “I look forward to the challenge of maintaining the culture that Steve Clark introduced me to over 23 years ago here at Bangor Federal. Having a person like Steve as a mentor has been a wonderful gift and I personally wish him the very best in retirement.”
In a statement, Todd Mason, president of the Maine Credit Union League, added his congratulations to both Closson and Clark.
"I would like to recognize the many contributions that Steve has made for more than three decades to his credit union and to the Maine Credit Union System, and wish him well in retirement,” Mason said. “I would also like to congratulate Basil on his new position, and reiterate our commitment to provide any support and assistance to him as he transitions into his new role."