OptimumBank Holdings, Inc. (NYSE American: OPHC) announced a significant leadership change, with Timothy Terry retiring 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. Additionally, Braden R. Smith has been named President of the bank.
This transition marks a new chapter for OptimumBank, a full-service community bank headquartered in Fort Lauderdale, Florida, since its founding in 2000. The bank has built a reputation for delivering personalized service, competitive pricing, and innovative financial solutions, with a strong emphasis on supporting economic development and community growth through responsible banking practices. OptimumBank's suite of offerings includes Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking.
The appointment of Moishe Gubin, who previously served as Chairman, is expected to provide continuity and strategic direction. Gubin's deep understanding of the bank's operations and community ties positions him well to lead OptimumBank into its next phase. Braden R. Smith, as President, will oversee day-to-day operations, ensuring that the bank continues to meet the needs of its customers and communities.
This leadership change comes at a time when community banks are navigating a rapidly evolving financial landscape. OptimumBank's focus on personalized service and community development remains a key differentiator. The bank's commitment to responsible banking and innovative solutions is likely to be reinforced under the new leadership team.
For investors, the transition signals stability and a forward-looking approach. The company's newsroom at https://ibn.fm/OPHC provides ongoing updates and information about OptimumBank's performance and strategic initiatives.
As the financial industry continues to face challenges and opportunities, OptimumBank's leadership change is a reminder of the importance of strong governance and strategic planning. The new team is expected to build on the bank's legacy while adapting to changing market conditions. The full press release with further details is available at https://ibn.fm/PS0fi.
