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OptimumBank Holdings (OPHC) names chair Moishe Gubin CEO and Braden Smith bank president

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

OptimumBank Holdings, Inc. announced a planned leadership transition. On May 1, 2026, Timothy Terry retired as principal executive officer of the company and as President and Chief Executive Officer of its banking subsidiary, OptimumBank, and will assist with the leadership transition.

Effective the same date, Chairman of the Board Moishe Gubin was appointed Chief Executive Officer and principal executive officer of OptimumBank Holdings, Inc., and Chief Executive Officer of OptimumBank. The bank also appointed Braden R. Smith, age 52, as President, bringing prior senior roles at Amerant Bank and Wintrust Financial Corporation.

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Insights

OptimumBank combines its chair and CEO roles as it transitions from a long-serving leader.

The company reports that Timothy Terry has retired as principal executive officer and as President and CEO of its bank subsidiary, while staying on to assist with the transition. This suggests an orderly handover rather than an abrupt change.

Chairman of the Board Moishe Gubin has been appointed Chief Executive Officer of both the holding company and the bank, consolidating board leadership and executive management. The bank also named Braden R. Smith, age 52, as President, drawing on his experience at Amerant Bank and Wintrust Financial Corporation.

The filing does not provide financial metrics or strategic details tied to these appointments. Future company communications and periodic reports may offer more insight into how this leadership team shapes lending, growth, and risk priorities after the May 1, 2026 transition.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Leadership transition effective date May 1, 2026 Date on which Terry retired and Gubin and Smith assumed new roles
Braden R. Smith age 52 years Age of newly appointed President of OptimumBank
Amerant Bank tenure November 2024 to April 2026 Period Smith served as Chief Business Development Officer
Wintrust tenure September 2009 to November 2024 Period Smith served as Executive Vice President at Wintrust Financial Corporation
principal executive officer financial
"Timothy Terry retired as principal executive officer of OptimumBank Holdings, Inc."
The principal executive officer is the highest-ranking manager who leads a company’s overall strategy, operations and public communication—often acting like the captain of a ship who sets direction and makes final calls. Investors watch this person because their decisions, credibility and ability to deliver results shape company performance, risk and market confidence, and changes in that role can directly affect stock value and corporate accountability.
Chairman of the Board financial
"the Company appointed its Chairman of the Board, Moishe Gubin, as its Chief Executive Officer"
Chairman of the board is the person who leads a company’s board of directors, setting meeting agendas, guiding discussions and ensuring the board supervises management’s strategy and risk decisions. Investors care because the chair’s leadership and style influence how well shareholder interests are protected, how quickly strategic choices are made, and the company’s overall accountability—like a team captain shaping group performance.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"

FAQ

What executive changes did OptimumBank Holdings (OPHC) announce in this 8-K?
OptimumBank Holdings reported that Timothy Terry retired as principal executive officer and as President and CEO of OptimumBank. The company appointed Chairman Moishe Gubin as Chief Executive Officer and principal executive officer, and the bank named Braden R. Smith as its new President effective May 1, 2026.

Who is the new CEO of OptimumBank Holdings (OPHC) and its bank subsidiary?
The company appointed Moishe Gubin, previously Chairman of the Board, as Chief Executive Officer and principal executive officer of OptimumBank Holdings, Inc. The filing also states that OptimumBank, the bank subsidiary, appointed Gubin as its Chief Executive Officer effective May 1, 2026.

What role will former CEO Timothy Terry have at OptimumBank after retirement?
Timothy Terry retired as principal executive officer of OptimumBank Holdings and as President and CEO of OptimumBank. According to the filing, he will assist with the transition of leadership, helping support continuity as the new chief executive and president assume their responsibilities.

Who is Braden R. Smith, the new President of OptimumBank?
The filing describes Braden R. Smith, age 52, as the new President of OptimumBank. He previously served as Chief Business Development Officer of Amerant Bank from November 2024 through April 2026, and as Executive Vice President of Wintrust Financial Corporation from September 2009 to November 2024.

Does this OptimumBank (OPHC) filing include any financial results or earnings data?
This 8-K focuses on leadership changes and does not present financial results or earnings figures. It primarily describes the retirement of Timothy Terry, the appointments of Moishe Gubin and Braden R. Smith, and related administrative exhibit information under Item 5.02 and Item 9.01.

What SEC item does OptimumBank use to report these management changes?
The company reports these leadership changes under Item 5.02, titled “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.” This item is used for material updates involving key executives and directors at public companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001288855 0001288855 2026-05-01 2026-05-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported) May 1, 2026

 

OPTIMUMBANK HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Florida   001-42447   55-0865043

(State or other jurisdiction

of incorporation)

  

(Commission

file number)

  

(IRS employer

identification no.)

         
2929 East Commercial Boulevard       33308
Ft. Lauderdale, Florida       (Zip Code)
(Address of principal executive offices)        

 

(954) 776-2332

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities Registered pursuant to Section 12(b) of the Act:  

 

Title of each class registered   Trading Symbol(s)   Name of exchange on which registered
Common Stock   OPHC   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1933 (§240.12b-2 of this chapter)

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 1, 2026, Timothy Terry retired as principal executive officer of OptimumBank Holdings, Inc. (the “Company”) and as President and Chief Executive Officer of its wholly-owned subsidiary, OptimumBank. Mr. Terry will assist with the transition of leadership described below.

 

Effective the same date: (i) the Company appointed its Chairman of the Board, Moishe Gubin, as its Chief Executive Officer and principal executive officer; and (ii) the Bank appointed Mr. Gubin as its Chief Executive Officer.

 

Also effective the same date, the Bank appointed Braden R. Smith as its President. Mr. Smith, age 52, served as Chief Business Development Officer of Amerant Bank from November 2024 through April 2026, and as Executive Vice President of Wintrust Financial Corporation from September 2009 to November 2024.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit Number  

 

Exhibit Name

   Filed Herewith
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)   *

 

The information in this report (including the exhibits) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

OPTIMUMBANK HOLDINGS, INC.  
     
Date: May 5, 2026  
     
By: /s/ Moishe Gubin  
  Moishe Gubin  
  Chairman of the Board of Directors  

 

 

 

Source: View Original Filing on SEC EDGAR

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