|Bid||3.3100 x 800|
|Ask||3.4100 x 3000|
|Day's Range||3.3100 - 3.5500|
|52 Week Range||2.1200 - 5.9400|
|Beta (3Y Monthly)||2.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2016 - Feb 1, 2016|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OptimumBank Holdings, Inc. (www.OptimumBank.com) (the “Company”), the parent company of OptimumBank, a bank that provides a wide range of consumer and commercial banking services to individuals and businesses, is pleased to announce the Federal Reserve Board (“FRB”) terminated the Written Agreement with the Company. The Written Agreement dated October 22, 2010 prohibited the Company, without prior approval of the FRB, from paying cash dividends, taking dividends or payments from OptimumBank, making interest, principal or other distributions on account of the Junior Subordinated Debenture, incurring, increasing or guaranteeing any debt, purchasing or redeeming any shares of stock or appointing any new director or senior executive officer.
Optimum Bank Holdings, Inc. (www.OptimumBank.com) (OPHC), the parent company of Optimum Bank, a bank that provides a range of consumer and commercial banking services to individuals and businesses is pleased to provide an update to shareholders following the Annual Shareholder Meeting that was held on August 27, 2019. The purpose of the meeting was to report on current progress and present several proposals as the Company works with a restructured management team and Board of Directors to implement a strategic business plan as the Company emerges from major regulatory issues. “The Bank had faced numerous regulatory issues resulting from problems associated with The Great Recession of 2007 and the Housing Market Crash,” noted Moishe Gubin, Chairman of Optimum Bank.
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. Over time, OptimumBank has restructured its management team and Board of Directors composition with the intent to create a strategic business plan. OptimumBank is now considered a healthy bank institution.
Optimumbank Holdings said that its Plantation-based bank subsidiary was released from its regulatory consent order. The Federal Deposit Insurance Corp. and the Florida Office of Financial Regulation issued a consent order in 2016 against Optimumbank (Nasdaq: OPHC) over allegedly “unsafe or unsound” banking practices. After eight years, Optimumbank is no longer operating under a regulatory order.