This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

OptimumBank Announces Departure Of Richard L. Browdy And The Appointment Of Timothy L. Terry As Chief Executive Officer

FORT LAUDERDALE, Fla., Feb. 12, 2013 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC), the parent company of OptimumBank ("Company"), announced today that Richard L. Browdy has resigned as President, Interim Chief Executive Officer and Chief Financial Officer of the Company and as a member of the OptimumBank and OPHC Board of Directors to pursue other career opportunities.

"Mr. Browdy served as President and Chief Financial Officer of the Bank since its inception in 2000 and was instrumental in organizing the Bank. We thank Richard for his past leadership and commitment to OptimumBank and we wish him success in his future endeavors," said Moishe Gubin, OPHC Chairman.

Contemporaneously with the announcement of Richard L. Browdy's departure, the Company also announced the appointment of Timothy L. Terry as Chief Executive Officer, effective today. Mr. Terry brings a wealth of experience and savvy to the role. "His knowledge of the banking and business landscape of the State of Florida is impressive and of great value to the Company. We are confident Mr. Terry will propel OptimumBank forward in the immediate future," said Moishe Gubin, Chairman of the Board.

Prior to joining the Company, Mr. Terry served as Interim President and CEO of Putnam State Bank in Palatka, Florida, from 2011 to 2012. From 2005-2011, Mr. Terry was President and CEO of Enterprise Bank of Florida, after initially serving as Executive Vice President, Senior Loan Officer, Branch Administrator and Sales Manager from 2002.  From 1999-2002, Mr. Terry served as Executive Vice President and Senior Loan Officer of Palm Beach National Bank and Trust, after joining the company in 1993. From 1985-1993, Mr. Terry was Vice President of Flagler National Bank, West Palm Beach, Florida. Prior to that, he was Assistant Vice President of SNB Bank and Trust in Battle Creek, Michigan.

"We are proud to have Timothy Terry associated with this Company and we have every confidence in him and the future of this Company," said Mr. Gubin.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs