OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces Full Year Results

Fort Lauderdale, FL, March 12, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ: OPHC) The Company had net earnings of $6.3 million for the year ended December 31, 2023, compared to net earnings of $4.0 million for the year ended December 31, 2022 an increase of 56%; and with $70 million of Stockholders’ equity. The Company’s only business is the ownership and operation of OptimumBank. To facilitate growth, the Company issued 72,221 shares of its common stock in a private placement transaction to two accredited investors during the first quarter of 2023.