OPTIMUMBANK HOLDINGS, INC. (NASDAQ:OPHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

OPTIMUMBANK HOLDINGS, INC. (NASDAQ:OPHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Election of Directors

Effective March 12, 2018, John H. Clifford resigned from the Board of Directors of OptimumBank Holdings, Inc. and OptimumBank (the “Bank”), the wholly-owned subsidiary bank of OptimumBank Holdings, Inc. (the “Company”). Mr. Clifford’s decision to resign was not the result of any disagreement with the Bank or Company.


About OPTIMUMBANK HOLDINGS, INC. (NASDAQ:OPHC)

OptimumBank Holdings, Inc. serves as a bank holding company for OptimumBank (the Bank). The Bank provides a range of community banking services to individuals and corporate customers through over three banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. Its services include demand interest-bearing and non-interest-bearing accounts, negotiable order of withdrawal (NOW) account, money market deposit accounts, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashier’s checks, domestic collections, drive-in tellers and banking by mail. The Bank offers Internet banking services through its Website, www.optimumbank.com. The Bank has over eight wholly owned subsidiaries primarily engaged in holding and disposing foreclosed real estate, and a subsidiary primarily engaged in managing foreclosed real estate.

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