Exhibit 24

                                POWER OF ATTORNEY


        The undersigned hereby constitutes and appoints Albert J. Finch, the
undersigned's true and lawful attorney-in-fact to:


        (1) execute for and on behalf of the undersigned, in the undersigned's
capacity as an officer and/or director of OptimumBank Holdings, Inc. (the
"Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder;

        (2) do and perform any and all acts for and on behalf of the undersigned
that may be necessary or desirable to complete and execute any such Form 3, 4 or
5 and timely file any such form or forms with the United States Securities and
Exchange Commission and any stock exchange or similar authority; and

        (3) take any other action of any type whatsoever in connection with the
foregoing that, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this power of attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's sole discretion.

         The undersigned hereby grants to each such attorney-in-fact and any of
them full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that any such
attorney-in-fact, or any such attorney-in-fact's substitute or substitutes,
shall lawfully do or cause to be done by virtue of this power of attorney and
the rights and powers herein granted. The undersigned acknowledges that the
foregoing attorney-in-fact, in serving in such capacity at the request of the
undersigned, is not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

         The execution by the undersigned of this power of attorney hereby
expressly revokes and terminates any powers of attorney previously granted by
the undersigned relating to Forms 3, 4 and 5. This power of attorney shall
remain in full force and effect until the undersigned is no longer required to
file Forms 3, 4 and 5 with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

         IN WITNESS WHEREOF, the undersigned has caused this power of attorney
to be executed as of the 24th day of June, 2004.


                                                          /s/ SAM BOREK
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