OptimumBank Holdings, Inc. (NYSE:OPHC), announced today a significant leadership transition as the institution continues its trajectory of rapid growth. Effective May 1, 2026, Timothy Terry retired as Principal Executive Officer of the Company and as President and Chief Executive Officer of its wholly owned subsidiary, OptimumBank. Mr. Terry will assist with the transition of leadership following a thirteen-year tenure that began in 2013.

The Board of Directors has appointed its current Chairman, Moishe Gubin, as Chief Executive Officer and Principal Executive Officer of both the Company and the Bank. Concurrently, the Bank has appointed Braden R. Smith, a veteran banking executive with over 30 years of experience, as its new President.