GBank Financial Holdings announced a planned leadership succession effective October 22, 2026. Edward M. Nigro resigned as Executive Chairman and Chief Executive Officer of the parent company and Executive Chairman of its bank subsidiary, though he will remain a director of GBank Financial Holdings. Jeffrey K. Newgard, previously President and CEO of the bank subsidiary, was appointed President, Chief Executive Officer, and Director of the holding company. James K. Sims was named Independent Chairman of the Board. Nigro received a separation agreement including annualized payments and COBRA premiums. The company operates as a bank holding company with payment, gaming fintech, SBA lending, and commercial banking operations.
