OptimumBank Holdings, Inc. (NYSE American: OPHC) announced a significant leadership transition, with Timothy Terry retiring as Principal Executive Officer and as President and CEO of OptimumBank. Effective May 1, 2026, Chairman Moishe Gubin has been appointed as Chief Executive Officer and Principal Executive Officer of both the company and the bank, while Braden R. Smith has been named President of the bank.
This change comes as the company continues to focus on delivering personalized service and innovative financial solutions to its customers. OptimumBank, founded in 2000 and headquartered in Fort Lauderdale, Florida, is a full-service community bank that emphasizes responsible banking practices to support economic development and community growth. The bank's offerings include Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking.
The leadership transition is expected to maintain continuity and strategic direction as Gubin, who previously served as Chairman, takes on the CEO role. Braden R. Smith's appointment as President signals a focus on operational leadership. Investors and stakeholders will be watching to see how these changes impact the bank's performance and growth trajectory.
For more information, the full press release is available at https://ibn.fm/PS0fi. Latest news and updates regarding OptimumBank Holdings can be found in the company’s newsroom at https://ibn.fm/OPHC.
