GBank Financial Holdings appoints Jeff Newgard as President and CEO of GBank subsidiary

GBank Financial Holdings Inc.

Jeff Newgard appointed President and CEO of GBank, effective June 8, 2026; Edward M. Nigro remains Executive Chairman.
Newgard receives $500,000 base salary, $100,000 sign-on bonus, and 20,000 restricted stock units vesting over three years.
Newgard previously served as Chairman, President and CEO of Bank of Idaho, growing assets from $250M to $1.3B from 2015-2025.
Director A. Lee Finley resigned from the GBank Financial Holdings board on May 19, 2026, effective immediately.
Bank of Idaho was sold to Glacier Bancorp at ~17.3x trailing 12-month earnings, per the press release.

item 5.02item 9.01

Executive movements

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Departed

A. Lee Finley

Director

GBFH · GBank Financial Holdings Inc.

Effective: 2026-05-19
Filed: May 19, 2026 20:05 UTC

On May 19, 2026, A. Lee Finley resigned from his position as a member of the Board of Directors of GBank Financial Holdings Inc. effective immediately.

Appointed

Jeff Newgard

President and Chief Executive Officer

GBFH · GBank Financial Holdings Inc.

Effective: 2026-06-08
Filed: May 19, 2026 20:05 UTC

On May 15, 2026, the board of directors (the “Board”) of GBank Financial Holdings Inc. (the “Company”) and the board of directors of the Company’s wholly owned bank subsidiary, GBank (“GBank”), approved the appointment of Jeff Newgard as President and Chief Executive Officer of GBank, effective June 8, 2026.

Source: SEC EDGAR

accession 0001193125-26-230737

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