OptimumBank Holdings, Inc. (NYSE American: OPHC) announced that Timothy Terry has retired as Principal Executive Officer and as President and CEO of OptimumBank. 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. The changes are effective May 1, 2026.
The transition marks a significant leadership shift for the community bank, which was founded in 2000 and is headquartered in Fort Lauderdale, Florida. OptimumBank positions itself as a full-service community bank focusing on personalized service, competitive pricing, and innovative financial solutions. The bank supports economic development and community growth through responsible banking practices, offering services such as Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking.
Moishe Gubin, who has served as Chairman, brings continuity and strategic oversight to the CEO role. Braden R. Smith’s appointment as President of the bank is expected to strengthen operational leadership. The leadership changes are likely to impact the bank’s strategic direction and may influence investor confidence. Shareholders and stakeholders will be watching how the new management team navigates the evolving banking landscape.
For more details, the full press release is available at https://ibn.fm/PS0fi. Updates and news regarding OPHC can be found in the company’s newsroom at https://ibn.fm/OPHC.
