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 OfficersItem 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
On July25, 2017, OptimumBank Holdings, Inc. (the “Company’) appointed Thomas Procelli as a director.
Thomas A. Procelli, age 63, currently serves as the principal consultant for TAP Independent Consulting, LLC. He has served as a director of OptimumBank since 2012. He previously served as the Executive Vice President and Chief Operating Officer of OptimumBank from 2000 through 2015. Mr.Procelli has a diverse background in operations, information systems, compliance and audit. Prior to his service with OptimumBank, his positions included serving as Executive Vice President and Operations Officer for Enterprise National Bank of Palm Beach, located in Palm Beach Gardens, Florida. Responsibilities included back office operations, information technology, and regulatory compliance. Mr.Procelli received his MBA in finance in 1979 and his BBA degree in accounting in 1976 from Hofstra University located in Hempstead, New York.
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.