OptimumBank Holdings, Inc. (OPHC) News

OptimumBank Holdings, Inc. (OPHC): $4.51

-0.12 (-2.59%)

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Latest OPHC News From Around the Web

Below are the latest news stories about OptimumBank Holdings Inc that investors may wish to consider to help them evaluate OPHC as an investment opportunity.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Second Quarter Results for OptimumBank (the Bank)

Summary of Results:

Intrado Digital Media | August 13, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Second Quarter Results for OptimumBank (the “Bank”)

Summary of Results: Fort Lauderdale, FL, Aug. 13, 2021 (GLOBE NEWSWIRE) -- The Bank’s Board of Directors is pleased to report the continuation of growth in its client base, assets, revenues and earnings. Net earnings for the three months ended June 30, 2021, was $444,000 as the Bank continues to be very successful raising core deposits and reducing higher cost time deposits. The Bank’s total assets increased by approximately $59 million to $294.1 million as of June 30, 2021. The loan portfolio i

Yahoo | August 13, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Successful Acquisition of Remaining TruPS

Fort Lauderdale, FL, July 30, 2021 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (the Company), the parent company of OptimumBank, announced that it has successfully completed the acquisition of all of its remaining trust preferred securities (TruPS) pursuant to its previously announced exchange offer for the TruPS.

Intrado Digital Media | July 30, 2021

OptimumBank Holdings, Inc. Announces Commencement of Exchange Offer for Trust Preferred Securities

Fort Lauderdale, FL, June 07, 2021 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ) ( www.OptimumBank.com ) (the Company), the parent company of OptimumBank, today announced that it has commenced a private offer to exchange (the Exchange Offer) its outstanding Trust Preferred Securities, upon the terms and subject to the conditions set forth in the confidential offering memorandum dated June 7, 2021 and related letter of transmittal (together, the Offering Documents).

GlobeNewswire | June 7, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Results for OptimumBank (the Bank)

Fort Lauderdale, FL., May 11, 2021 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ)

GlobeNewswire | May 11, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Results for OptimumBank (the “Bank”)

Fort Lauderdale, FL., May 11, 2021 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ) Summary of Results: The Company’s total assets increased by approximately $17.5 million to $252.6 million at March 31, 2021, from $235.1 million at December 31, 2020, primarily due to an increase in loans and debt securities. Total stockholders’ equity increased by approximately $3.5 million to $21.3 million at March 31, 2021, from $17.8 million at December 31, 2020, primarily due to proceeds from the sale of preferred stock and net earnings of $348,000. Chairman Moishe Gubin commented, “Growth in income continues to increase as planned; and total assets now exceed $250 million. A significant increase in the size and number of commercial bank accounts has contributed to the bank’s fee income,...

Yahoo | May 11, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces

Full Year Results for OptimumBank (the “Bank”) Fort Lauderdale, FL., Feb. 05, 2021 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ) Recap of Results: OptimumBank (the “Bank”) ended the year with a loss of $42,000, which included an allowance for loan loss provisioning of $1,020,000. Excluding the non-cash provision expense, the Bank earned $1,062,000. Loans increased year to year to $154.9 million or 59%. Fee income generated was $293,000, a 63% increase. Changes in deposit mix reduced interest expense. Expenses were relatively flat except for required lending staff as well as wire and ACH staff. This growth was accomplished while staying well capitalized through frequent capital injections from investors. OptimumBank- a Community Bank: The Bank provides vital services to bo...

Yahoo | February 5, 2021

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Third Quarter Results for OptimumBank (the “Bank”)

Fort Lauderdale, FL., Dec. 07, 2020 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ) Summary of Results:OPHC is pleased to announce the Bank’s third quarter net income of $345,000, which excludes an Allowance for Loan and Lease Losses (“ALLL”) provision expense of $523,000, as the Bank has been very successful raising core deposits and reducing higher cost time deposits. The loan portfolio has increased by approximately $41.6 million so far this year. In addition, the Bank achieved greater small business loan penetration via the Small Business Administrations’ Payroll Protection Program (PPP loans).Chairman Moishe Gubin commented, “Growth in income continues to increase as planned; and total assets now exceed $200 million. A significant increase in the size and number of co...

Yahoo | December 7, 2020


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