Financing ·
On August 19, 2026, OptimumBank Holdings, Inc. entered into a Subordinated Note Purchase Agreement to sell $35.0…
OPHCOptimumBank Holdings, Inc.
On August 19, 2026, OptimumBank Holdings, Inc. entered into a Subordinated Note Purchase Agreement to sell $35.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due September 1, 2036. The notes were issued at par (100%) in a private placement under Regulation D. Interest accrues at a fixed rate of 7.50% annually until September 1, 2031, after which the rate resets quarterly to three-month term SOFR plus 340 basis points. The company intends to use net proceeds for general corporate purposes and has entered into a Registration Rights Agreement to facilitate an exchange offer for registered notes. These unsecured obligations are intended to qualify as Tier 2 regulatory capital and rank junior to senior indebtedness.