OptimumBank Holdings, Inc. (NYSE American: OPHC) announced a significant leadership transition as Timothy Terry has retired from his roles as Principal Executive Officer, 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 marks a new chapter for the Fort Lauderdale-based community bank, which has been operating since 2000.
The announcement underscores the bank's commitment to stable leadership and strategic growth. Moishe Gubin, who has served as Chairman, brings extensive experience to the CEO role, ensuring continuity in the bank's vision. Braden R. Smith's appointment as President further strengthens the management team. The transition comes as OptimumBank continues to focus on delivering personalized service, competitive pricing, and innovative financial solutions to its customers.
OptimumBank is a full-service community bank that supports economic development and community growth through responsible banking practices. Its business and financial solutions include Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking. The leadership changes are expected to reinforce the bank's dedication to these areas and maintain its trajectory of serving local communities effectively.
For more details, the full press release is available at https://ibn.fm/PS0fi. Investors seeking the latest news and updates regarding OptimumBank Holdings can visit the company's newsroom at https://ibn.fm/OPHC.
This leadership transition is important as it signals stability and strategic direction for OptimumBank Holdings during a period of change. With Moishe Gubin stepping into the CEO role, the bank aims to continue its mission of providing personalized financial services while fostering community development. The appointments are effective May 1, 2026, allowing for a smooth transition and continued focus on the bank's growth objectives.
