GBank Financial and GBank appointed Jeffrey K. Newgard as the president and CEO of GBank, the company’s wholly owned subsidiary, commencing June 8, 2026. Edward M. Nigro will continue as executive chairman of GBank.
Newgard most recently served as chairman, president and CEO of the Bank of Idaho Holding, a regional bank holding company headquartered in Idaho Falls, and its solely owned subsidiary, the Bank of Idaho. Newgard’s extensive experience in commercial banking operations, capital markets and strategic acquisitions led the Bank of Idaho from $250 million in assets to $1.3 billion from 2015 through 2025, culminating in a sale of BOID to Glacier Bancorp in a transaction valued at approximately 17.3x trailing 12-month earnings.
“Jeff Newgard’s demonstrated knowledge in banking, capital markets, acquisitions and creating shareholder value provides a strong foundation for GBank to expand its unique business model while ensuring the growth and the solid performance of GBank,” Nigro said.
Newgard added, “GBank has built an impressive franchise with unique national payments and gaming FinTech capabilities combined with strong commercial and SBA lending platforms. I am honored to join Ed Nigro, the board of directors and the entire GBank team to build on this strong foundation and pursue the many opportunities ahead.”
