UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 12, 2012
OptimumBank Holdings, Inc.
(Exact name of registrant as specified in its charter)
Florida |
000-50755 |
55-0865043 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
2477 E. Commercial Blvd., Ft. Lauderdale, FL 33308 |
33308 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (954) 776-2332
________________________________________________________________________________
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 7.01. Regulation FD Disclosure.
On July 12, 2012 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated July 12, 2012
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OptimumBank Holdings, Inc.
(Registrant) |
||
| July 12, 2012
(Date) |
/s/ RICHARD L. BROWDY
Richard L. Browdy President |
| Exhibit Index | ||
| 99.1 | Press release dated July 12, 2012 | |
EXHIBIT 99.1
FORT LAUDERDALE, Fla., July 12, 2012 (GLOBE NEWSWIRE) -- OptimumBank, a wholly-owned subsidiary of OptimumBank Holdings, Inc. (Nasdaq:OPHC), announced today that Mr. Thomas Procelli was named Chief Operating Officer and Mr. Jeffrey Cannon, Senior Vice President of Lending.
Mr. Procelli has served as the Executive Vice President and Chief Technology Officer of OptimumBank since its inception in 2000 and as a director of OptimumBank since 2010. Mr. Procelli has over 34 years of banking experience, having served in various executive and senior management positions in operations, information systems, compliance and audit. Mr. Procelli received his master's degree in finance and his bachelor's degree in accounting from Hofstra University in Hempstead, New York.
Jeffrey Cannon joined OptimumBank in May 2012 as the bank's proposed executive officer in charge of lending. Upon regulatory approval, Mr. Cannon will be named as the bank's Chief Lending Officer. Mr. Cannon's banking career spans over 24 years. He has served in a variety of executive and senior lending and management positions in community, regional and national banks. He graduated from Washington University in St. Louis, Missouri, with a bachelor's degree in business administration, and received his master's degree in finance from Florida Atlantic University in Boca Raton, Florida.
Jeffrey Cannon commented, "We want to improve the banking experience for local businesses. Our executive team is readily accessible and dedicated to providing our customers with outstanding one-on-one service." Mr. Cannon's office is located at the bank's executive offices at 2477 East Commercial Boulevard in Fort Lauderdale.
Moishe Gubin, Chairman of the Board, said, "Restructuring our management team with Tom and Jeffrey is an exciting step forward for us. Their expertise will be invaluable as we reshape the OptimumBank brand into a successful retail community bank." Mr. Gubin also noted, "We are extremely motivated to lend to small and medium-sized businesses in our markets and meet all of their banking needs."
OptimumBank offers a wide array of competitive lending and retail banking products to individuals and businesses in Broward, Miami-Dade and Palm Beach Counties through its executive offices and three branch offices in Broward County, Florida.
The OptimumBank Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3232
This press release includes forward-looking statements and OptimumBank Holdings, Inc. intends for such statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements describe OptimumBank Holdings, Inc.'s expectations regarding future events. Future events are difficult to predict and are subject to risk and uncertainty which could cause actual results to differ materially and adversely. OptimumBank Holdings, Inc. undertakes no obligation to revise or amend any forward-looking statements to reflect subsequent events or circumstances.
CONTACT: Moishe Gubin
Chairman of the Board
or
Richard L. Browdy
President
at (954) 776-2332