Latest news with #OptimumBank
Associated Press
02-05-2025
- Business
- Associated Press
OptimumBank Celebrates Record Year and Bold Outlook at 2025 Annual Shareholder Meeting
Fort Lauderdale, Florida--(Newsfile Corp. - May 2, 2025) - OptimumBank Holdings, Inc. (NYSE American: OPHC) held its Annual Shareholder Meeting on April 29, highlighting the strongest performance in the bank's close to 25-year history and laying out a strategic roadmap toward surpassing $1 billion in assets. Chairman Moishe Gubin, CEO Tim Terry, and the board addressed shareholders in a 30-minute virtual meeting, delivering record financial results and fielding audience questions on growth, technology, capital strategy, and digital innovation. 'We're not just knocking on the door of a billion-dollar balance sheet-we're charging through it, God willing,' said Chairman Moishe Gubin. '2024 was a landmark year by every measure, and our focus now is sustaining this trajectory with discipline, agility, and vision.' The entire meeting can be viewed here: OptimumBank Shareholder Meeting Webcast Link The shareholder presentation deck can be viewed here: OptimumBank Shareholder Presentation Record-Breaking Financial Results Chairman Gubin outlined the financial highlights of 2024: 'We've built a powerful and efficient platform with ROE at 15.28% and core ROE over 23%. If we stopped growing today, we could operate as an atm machine. But our sights are set higher, this is a compounding engine,' Gubin added. Shareholder Alignment and Employee Ownership In a nod to internal culture, Gubin revealed that a majority of OptimumBank employees are also shareholders. 'I was surprised; most of our employees still own their stock. That kind of belief in what we're doing is powerful. It motivates the board, and it shows we're all aligned in this journey,' he said. Addressing the company's valuation, Gubin stated, 'Our stock is still trading below book. For a high-performing bank, we believe the market will catch up. There's a strong argument that more investors should own our stock.' Strategic Outlook: Capital, M&A, and Diversification In the Q&A segment, Gubin spoke directly to investor concerns on dilution and dividends. 'Our board is anti-dilutionary. I've been given authority to sell only above book,' he said. 'While capital raises of $10 to $30 million are possible in 2025, they will be strategic and accretive.' On dividends: 'This is a business of leverage. Capital is more powerful deployed inside the bank than distributed. We're focused on growing into a top 200 publicly traded bank.' Responding to a question on M&A, Gubin explained the bank's selective approach. 'We've looked at deals, but credit unions often overpay, making it difficult to compete. We want to find the right fit-a partner that joins our culture and contributes long-term.' Technology Modernization & Innovation CEO Tim Terry and senior leadership discussed upcoming digital enhancements. In October, the bank will transition to a new open-architecture, API-capable core banking platform. 'It's going to be a completely different customer experience, from business treasury services to retail onboarding. Everything will be paperless and intuitive,' said Terry. Additionally, the company upgraded its website and is rolling out new front-end features. In a lighthearted close, a shareholder proposed allocating 1-5% of equity to Bitcoin. Gubin responded, 'We're businessmen. If there's business to be had, we'd consider it.' About OptimumBank Holdings, Inc. OptimumBank was founded in 2000 in Ft. Lauderdale, Florida. The bank focuses on traditional in-person banking with businesses and consumers residing in South Florida. Our customers have found a trusted alternative to the high fees of larger financial institutions, with unmatched expertise in real estate and commercial lending. OptimumBank has seen explosive growth over the past decade, and we look to capitalize on our momentum in the years ahead. The Company is traded on the NYSE American under ticker 'OPHC'. OptimumBank's business and financial solutions include: Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking. Note Regarding Forward-Looking Statements Certain statements in this press release are 'forward-looking statements' within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences and are subject to change, possibly materially. See 'Note Regarding Forward-Looking Statements' and the sections entitled 'Risk Factors' in the Company's filings with the Securities and Exchange Commission which are available on OptimumBank's website (Investor Relations - OptimumBank Investor Relations & Corporate Relations Contact: Seth Denison Telephone: (305) 401-4140 / [email protected] To view the source version of this press release, please visit
Associated Press
28-04-2025
- Business
- Associated Press
OptimumBank Holdings, Inc. Reports Best Year in Company History; To Present Shareholder Deck Highlighting 23%+ Core ROAE at April 29, 2025 Annual Meeting
Ft. Lauderdale, Florida--(Newsfile Corp. - April 28, 2025) - OptimumBank Holdings, Inc. (NYSE American: OPHC) announced today that it will hold its Annual Shareholder Meeting and Investor Day tomorrow, April 29, 2025, at 10:00 AM ET. The public is invited to attend virtually through this link: OptimumBank Shareholder Meeting Webcast Link The Bank will showcase the most successful year in its history, including a Core Return on Average Equity (ROAE) exceeding 23% for fiscal year 2024. The shareholder presentation will also include updated performance data through Q1 2025, highlighting continued operational momentum and strategic growth. To preview the full shareholder presentation deck, visit: OptimumBank 2025 Shareholder Presentation Deck Those interested in participating virtually may register through the link above or email Seth Denison at [email protected] for more information. About OptimumBank Holdings, Inc. OptimumBank was founded in 2000 in Ft. Lauderdale, Florida. The bank focuses on traditional in-person banking with businesses and consumers residing in South Florida. Our customers have found a trusted alternative to the high fees of larger financial institutions, with unmatched expertise in real estate and commercial lending. OptimumBank has seen explosive growth over the past decade, and we look to capitalize on our momentum in the years ahead. The Company is traded on the NYSE American under ticker 'OPHC'. OptimumBank's business and financial solutions include: Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking. Note Regarding Forward-Looking Statements Certain statements in this press release are 'forward-looking statements' within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences and are subject to change, possibly materially. See 'Note Regarding Forward-Looking Statements' and the sections entitled 'Risk Factors' in the Company's filings with the Securities and Exchange Commission which are available on OptimumBank's website (Investor Relations - OptimumBank Investor Relations & Corporate Relations Contact: Seth Denison Telephone: (305) 401-4140 / [email protected] To view the source version of this press release, please visit
Associated Press
18-02-2025
- Business
- Associated Press
OptimumBank Achieves SBA Preferred Lender Status
Fort Lauderdale, Florida--(Newsfile Corp. - February 18, 2025) - OptimumBank (NYSE American: OPHC) proudly announces that it has been designated as a Preferred Lender under the U.S. Small Business Administration (SBA) Preferred Lenders Program (PLP). This prestigious designation, the highest recognition an SBA lender can receive, streamlines the SBA loan approval process for OptimumBank, allowing the Bank to better serve small businesses across Florida and beyond. Under the Preferred Lenders Program, OptimumBank is now authorized to make final credit decisions on behalf of the SBA. This significantly accelerates the loan approval timeline and enhances the Bank's ability to provide flexible financing solutions to small business owners. SBA 7(a) loans, which can be used for working capital, equipment purchases, commercial real estate, and other business needs, are available in amounts up to $5 million with favorable terms and competitive interest rates. 'Achieving Preferred Lender status is a significant milestone for OptimumBank. This designation demonstrates our deep commitment to helping small businesses grow and thrive,' said Tim Terry, CEO of OptimumBank. 'With this enhanced capability, we can expedite the financing process, enabling entrepreneurs to seize opportunities quickly and achieve their goals.' As a community-focused financial institution, OptimumBank understands that every small business has unique financial needs. 'Everyone deserves access to financing that is right for their business. Our Preferred Lender status opens up more opportunities for us to meet borrowers where they are and provide financing solutions that truly fit their circumstances,' said Moishe Gubin, Chairman of the Board of OptimumBank. 'This achievement reflects our ongoing commitment to empowering business owners with the right tools to succeed.' Chris Tomlinson, Senior Vice President and SBA Director at OptimumBank, added, 'Our SBA lending team is dedicated to understanding each client's individual goals and crafting lending solutions that align with their vision. The Preferred Lender status gives us the autonomy to approve SBA loans more efficiently, ensuring that small businesses can access the funding they need without unnecessary delays.' The SBA Preferred Lenders Program is designed for high-volume, experienced SBA lenders that have demonstrated a proven track record of success. It grants participating banks the authority to approve, close, service, and liquidate SBA-guaranteed loans, streamlining the process for business owners seeking capital. For more information about OptimumBank's SBA lending solutions or to apply for an SBA loan, please contact Chris Tomlinson at [email protected] or visit About OptimumBank Holdings, Inc. OptimumBank was founded in 2000 in Ft. Lauderdale, Florida. Our customers found a bank that is strongly service oriented with reasonable fees, unseen at larger financial institutions. OptimumBank has seen explosive growth this decade, and we look to capitalize on our momentum in the coming months and years ahead. The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. To learn more, visit
