OptimumBank Holdings Announces CEO Transition as Timothy Terry Retires

OptimumBank Holdings, Inc. (NYSE American: OPHC) announced a leadership transition effective May 1, 2026, with the retirement of Timothy Terry as Principal Executive Officer, President, and CEO of both the holding company and its subsidiary, OptimumBank. Chairman Moishe Gubin has been appointed as Chief Executive Officer and Principal Executive Officer of the company and the bank, while Braden R. Smith has been named President of the bank. The changes were detailed in a press release.

The appointment of Gubin, who has served as Chairman since 2019, ensures continuity in leadership. Gubin brings extensive experience in community banking and a deep understanding of OptimumBank's operations. Smith, previously a senior executive, steps into the president role with a focus on day-to-day banking operations. This transition comes as OptimumBank continues to emphasize personalized service and community growth, core tenets since its founding in 2000.

OptimumBank, headquartered in Fort Lauderdale, Florida, operates as a full-service community bank offering business banking, business lending, SBA lending solutions, treasury management, and personal banking. The bank's strategy revolves around competitive pricing and innovative financial products tailored to local economic development. The leadership change is expected to reinforce these priorities, with Gubin likely to leverage his board experience to navigate the evolving financial landscape.

The announcement is significant for investors and customers, as it signals stability and forward momentum. Gubin's appointment as CEO underscores the board's confidence in internal leadership to drive growth. For more updates on OptimumBank, stakeholders can visit the company's newsroom. The transition also highlights the bank's commitment to responsible banking practices, a key differentiator in the competitive Florida market.

As the banking sector faces digital transformation and regulatory changes, OptimumBank's leadership continuity may provide a strategic advantage. Gubin's familiarity with the bank's culture and strategy positions the institution to maintain its focus on community engagement while pursuing measured expansion. The appointment of Smith as president further strengthens operational management, ensuring seamless execution of the bank's objectives.