Management ChangeMay 19, 2026, 04:09 PM
GBank Financial Holdings Names Jeffrey K. Newgard President & CEO
AI Summary
GBank Financial Holdings Inc. announced the appointment of Jeffrey K. Newgard as the President and Chief Executive Officer of its subsidiary, GBank, effective June 8, 2026. Edward M. Nigro will continue as Executive Chairman. Mr. Newgard brings extensive experience from his previous role as Chairman, President, and CEO of Bank of Idaho Holding Company, where he significantly grew assets and oversaw its sale to Glacier Bancorp, Inc. His expertise in banking, capital markets, and acquisitions is expected to drive GBank's expansion and performance.
Key Highlights
- Jeffrey K. Newgard appointed President and CEO of GBank, effective June 8, 2026.
- Edward M. Nigro will continue as Executive Chairman of GBank.
- Mr. Newgard previously served as Chairman, President, and CEO of Bank of Idaho Holding Company.
- He grew Bank of Idaho's assets from $250 million to $1.3 billion from 2015-2025.
- His prior company, BOID, was sold to Glacier Bancorp, Inc. for approximately 17.3x trailing 12-month earnings.
- Newgard's experience includes commercial banking, capital markets, and strategic acquisitions.
- GBank aims to expand its unique business model and ensure growth with Newgard's leadership.
Price Impact
More from GBFH