OptimumBank Holdings Inc. announced that Richard L. Browdy has resigned as President, Interim Chief Executive Officer and Chief Financial Officer of the company and OPHC Board of Directors to pursue other career opportunities. 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 immediately. Prior to joining the Company, Mr. Terry served as Interim President and CEO of Putnam State Bank in Palatka, Florida, from 2011 to 2012.