OptimumBank Holdings (NYSE American: OPHC) announced that Timothy Terry has retired as Principal Executive Officer, 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, effective May 1, 2026. Additionally, Braden R. Smith has been named President of the bank.
This leadership transition comes as OptimumBank continues to focus on delivering personalized service and innovative financial solutions to its customers. The appointment of Moishe Gubin, who has served as Chairman, signals continuity in strategic direction. Gubin's deep understanding of the bank's operations and community banking ethos positions him to lead the institution through its next phase of growth.
Braden R. Smith's appointment as President brings fresh operational leadership. Smith's experience is expected to support the bank's commitment to responsible banking practices and community development. The changes were effective May 1, 2026, as outlined in the press release.
OptimumBank Holdings is a full-service community bank headquartered in Fort Lauderdale, Florida, serving the local economy since 2000. The bank offers a range of services including Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking. Its focus on community growth and personalized service has been a hallmark of its operations.
The retirement of Timothy Terry marks the end of an era for the bank. Terry's leadership oversaw periods of strategic development and community engagement. The board expressed gratitude for his contributions and confidence in the new leadership team.
Investors and stakeholders can find more information about OptimumBank Holdings in the company's newsroom. The bank remains dedicated to supporting economic development through responsible banking practices.
This leadership change is part of a broader trend in community banking where seasoned executives are stepping into CEO roles to navigate regulatory changes and digital transformation. The appointments are designed to ensure stability and continuity while leveraging new perspectives.
OptimumBank's focus on personalized service and competitive pricing positions it well in the competitive Florida banking market. With the new leadership team in place, the bank is expected to continue its mission of supporting local businesses and individuals.
