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Stock impact report

OptimumBank – poised for the future - A local community bank open for business

OptimumBank Holdings, Inc. (OPHC) 
Company Research Source: GlobeNewswire
Fort Lauderdale, FL., July 30, 2019 (GLOBE NEWSWIRE) -- For many years, OptimumBank and OptimumBank Holdings Company (OPHC) had been facing regulatory issues resulting from historic problems associated with The Great Recession of 2007 and the Housing Market Crash. These issues needed more than temporary fiscal bandages. Federal regulators issued capital directives aimed at underperforming community banks and many other small banks. By 2015, many such local banks had vanished due to failure or to consolidation in the industry. Over time, OptimumBank has restructured its management team and Board of Directors composition with the intent to create a strategic business plan. These efforts were not just to satisfy the Federal regulators but to initiate a long-term plan to increase the Bank’s financial size and revamp itself into a strong, vibrant, customer centric institution focused on stability and long-term growth. Currently free from enforcement orders, we are embarking on a tr Show less Read more
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