GBank Financial Holdings Names Jeff Newgard President and Chief Executive Officer
Key Highlights
- ➤Jeff Newgard appointed GBFH president, CEO, and company director
- ➤Newgard named chairman of GBank’s board of directors
- ➤Founder Edward Nigro steps down as executive chair and GBank director
- ➤GBFH assets grew from $22 million to approximately $1.4 billion
- ➤Third-quarter 2026 results scheduled for October 28, 2026
Expert Statements
James Sims, Director of GBank Financial Holdings and incoming Chairman of the Board
“Ed has achieved remarkable success at the Company and is an invaluable and integral part of our organization. With Ed’s continued guidance and support as a member of the Board, we believe now is the right time to implement this leadership succession”
William Hornbuckle, Board member and Chair of the Nominating and Governance Committee at GBank Financial Holdings
“In 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”
William Hornbuckle, Board member and Chair of the Nominating and Governance Committee at GBank Financial Holdings
“I look forward to working with Jeff in his new role and continuing to work alongside Ed. We are all committed to a seamless transition”
Jeff Newgard, President and Chief Executive Officer of GBank Financial Holdings
“Ed is a pioneer with an incredible vision of how banking and gaming can be fully integrated and transformed. I am honored and grateful to serve as GBFH’s next CEO and am committed to a smooth transition by building upon our team to deliver value to our clients and our shareholders”
LAS VEGAS, Oct. 22, 2026 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (Nasdaq: GBFH) (“GBFH” and together with GBank, a wholly owned subsidiary of GBFH, the “Company”), today announced that the Board of Directors of GBFH (the “Board”) has unanimously approved its planned leadership succession. Edward Nigro, the Company’s 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’s 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’s founding in 2007. During Mr. Nigro’s 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.
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