Business
OptimumBank Holdings, Inc. Announces Executive Leadership Transition; Chairman Moishe Gubin Appointed CEO
Fort Lauderdale, Florida--(Newsfile Corp. - May 5, 2026) - OptimumBank Holdings, Inc. (NYSE American: OPHC), announced today a significant leadership transition as the institution continues its trajectory of rapid growth. Effective May 1, 2026, Timothy Terry retired as Principal Executive Officer of the Company and as President and Chief Executive Officer of its wholly owned subsidiary, OptimumBank. Mr. Terry will assist with the transition of leadership following a thirteen-year tenure that...
About this update from Optimumbank Holdings, Inc.
[{"type":"text","content":"Fort Lauderdale, Florida--(Newsfile Corp. - May 5, 2026) - OptimumBank Holdings, Inc. (NYSE American: OPHC), announced today a significant leadership transition as the institution continues its trajectory of rapid growth. Effective May 1, 2026, Timothy Terry retired as Principal Executive Officer of the Company and as President and Chief Executive Officer of its wholly owned subsidiary, OptimumBank. Mr. Terry will assist with the transition of leadership following a thirteen-year tenure that began in 2013.","length":511,"tagName":"p"},{"type":"text","content":"The Board of Directors has appointed its current Chairman, Moishe Gubin, as Chief Executive Officer and Principal Executive Officer of both the Company and the Bank. Concurrently, the Bank has appointed Braden R. Smith, a veteran banking executive with over 30 years of experience, as its new President.","length":303,"tagName":"p"},{"type":"text","content":"Mr. Gubin's appointment as CEO marks a defining moment in the history of OptimumBank, as he takes the helm of an institution he has fundamentally rebuilt over the last sixteen years. Since being elevated to Chairman of the Board in 2010, Mr. Gubin has been the architect of the Bank's strategic evolution and the primary driver of the Company's success. Under his visionary oversight, the Bank has transformed from a community-level entity into a powerhouse of growth and opportunity. Early in his chairmanship, the Bank reported total assets of approximately $154.5 million. Today, following a period of unprecedented expansion, the institution has soared more than eightfold to $1.27 billion in total assets as of the first quarter of 2026. This transition occurs at a time when the Company's momentum is at an all-time high, and the Board has determined that Mr. Gubin is the only leader with the depth of institutional knowledge required to capitalize on the massive opportunities ahead.","length":1007,"tagName":"p"},{"type":"text","content":"The Company extends its deepest gratitude to Timothy Terry for his dedicated service and steady hand since 2013. The Board recognizes Mr. Terry as a true professional whose commitment to the institution's stability has been invaluable to its current standing. While Mr. Terry effectively managed the day-to-day operations during his stay, he did so by executing the long-term ...