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, with Braden R. Smith named President of the bank, effective May 1, 2026. The announcement marks a significant leadership transition at the Fort Lauderdale-based community bank.
Moishe Gubin, who has served as Chairman of the Board, brings extensive experience to the CEO role. His appointment is expected to provide continuity and strategic direction as the bank continues to focus on delivering personalized service and innovative financial solutions. Braden R. Smith's appointment as President of the bank further strengthens the management team.
OptimumBank, founded in 2000 and headquartered in Fort Lauderdale, Florida, operates as a full-service community bank. The bank emphasizes personalized service, competitive pricing, and innovative financial solutions, supporting economic development and community growth through responsible banking practices. Its offerings include Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking.
The leadership change comes at a time when community banks face evolving regulatory and competitive landscapes. The appointment of an experienced insider like Gubin may reassure investors and customers about the bank's strategic direction. The full press release is available at https://ibn.fm/PS0fi.
The transition is effective May 1, 2026, allowing for a smooth handover. The bank's focus on community banking and its longstanding presence in Florida position it well under the new leadership. Investors and stakeholders will be watching for any strategic shifts under Gubin's tenure.
For more information about OptimumBank Holdings, including the latest news and updates, visit the company's newsroom at https://ibn.fm/OPHC.
