OptimumBank Holdings, Inc. (NYSE American: OPHC) announced that Timothy Terry has retired 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 leadership change comes as the bank focuses on maintaining its trajectory of growth and community service.
Moishe Gubin, who has served as Chairman since 2019, brings extensive experience in banking and finance. His appointment as CEO ensures strategic continuity and leverages his deep understanding of the bank's operations and market. Braden R. Smith, previously in senior leadership roles, steps into the President role to oversee day-to-day operations, further strengthening the management team.
The transition is significant for OptimumBank, a community bank headquartered in Fort Lauderdale, Florida, founded in 2000. The bank has positioned itself as a full-service institution emphasizing personalized service, competitive pricing, and innovative financial solutions. Its offerings include Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking. The leadership change is expected to reinforce the bank's commitment to supporting economic development and community growth through responsible banking practices.
Investors and stakeholders are watching closely as the new leadership team takes the helm. The bank's focus on SBA lending and treasury management positions it well in the current economic environment, where small businesses and community development are priorities. The appointment of Gubin, who has a track record of strategic oversight, may signal continued emphasis on these areas.
For more details, the full press release is available at https://ibn.fm/PS0fi. Additional updates and news regarding OptimumBank Holdings can be found in the company's newsroom at https://ibn.fm/OPHC.
