{"id":1012932,"date":"2026-10-22T18:37:52","date_gmt":"2026-10-22T22:37:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gbank-financial-holdings-names-jeff-newgard-president-and-chief-executive-officer\/"},"modified":"2026-10-22T18:37:52","modified_gmt":"2026-10-22T22:37:52","slug":"gbank-financial-holdings-names-jeff-newgard-president-and-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gbank-financial-holdings-names-jeff-newgard-president-and-chief-executive-officer\/","title":{"rendered":"GBank Financial Holdings Names Jeff Newgard President and Chief Executive Officer"},"content":{"rendered":"

\nJeff Newgard Appointed President, Chief Executive Officer and Director. James K. Sims Appointed Independent Chairman; Edward Nigro stepping down as Chief Executive Officer and Executive Chairman
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LAS VEGAS, Oct. 22, 2026 (GLOBE NEWSWIRE) — GBank Financial Holdings Inc. (Nasdaq: GBFH) (\u201cGBFH\u201d and together with GBank, a wholly owned subsidiary of GBFH, the \u201cCompany\u201d), today announced that the Board of Directors of GBFH (the \u201cBoard\u201d) has unanimously approved its planned leadership succession. Edward Nigro, the Company\u2019s Founder, Executive Chair, and Chief Executive Officer, has transitioned to the Board and has stepped down as Executive Chair and director of GBank. Jeff Newgard, GBank\u2019s President and Chief Executive Officer, has been appointed President and Chief Executive Officer and a director of the Company. Mr. Newgard has also been appointed as Chairman of the GBank board of directors. Mr. Nigro has served the Company and GBank as the Executive Chairman since GBank\u2019s founding in 2007. During Mr. Nigro\u2019s tenure as Executive Chairman, the Company has grown from $22 million to approximately $1.4 billion in total assets as of June 30, 2026. Mr. Nigro will continue to serve as a director of the Company.<\/p>\n

\u201cEd has achieved remarkable success at the Company and is an invaluable and integral part of our organization. With Ed\u2019s continued guidance and support as a member of the Board, we believe now is the right time to implement this leadership succession,\u201d said James Sims, a director of the Company and incoming Chairman of the Board. \u201cOn behalf of the entire Board and our dedicated GBank employees, we thank Ed for his years of service, commitment to innovation, and tenacious belief in the Company\u2019s success.\u201d<\/p>\n

Mr. Newgard joined the Company in June 2026 after serving as Chairman, President and Chief Executive Officer of Bank of Idaho, where he helped grow the institution from approximately $250 million to $1.3 billion in assets before its acquisition by Glacier Bancorp. His experience spans commercial banking, acquisitions, organizational development and the scaling of financial institutions.<\/p>\n

\u201cIn the short time that Jeff has been at the Company, he has proven himself to be an exceptional leader with significant proven banking expertise. His appointment reflects the confidence he has quickly built with the executive team and the Board. I have deep confidence in Jeff and our path forward,\u201d said William Hornbuckle, a Board member and Chair of the Nominating and Governance Committee. \u201cI look forward to working with Jeff in his new role and continuing to work alongside Ed. We are all committed to a seamless transition,\u201d concluded Mr. Hornbuckle.<\/p>\n

\u201cEd is a pioneer with an incredible vision of how banking and gaming can be fully integrated and transformed.\u00a0\u00a0 I am honored and grateful to serve as GBFH\u2019s next CEO and am committed to a smooth transition by building upon our team to deliver value to our clients and our shareholders,\u201d said Mr. Newgard.<\/p>\n

This leadership transition reflects a succession-planning process intended to build on the Company\u2019s existing strengths and capitalize on the future opportunity to scale the Company\u2019s banking and fintech operations and build durable shareholder value. The Company believes the new leadership structure combines proven banking leadership, technology and innovation experience, strong corporate governance and a broad base of industry expertise while preserving the institutional knowledge and entrepreneurial strengths that helped build the Company. The Board reflects that breadth of experience. In addition to Mr. Nigro and Mr. Newgard, the Board is comprised of the following directors:<\/p>\n