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.

OptimumBank Holdings, Inc. announced second quarter 2026 earnings guidance of approximately $1.00 to $1.15 per share annually, based on a quarterly run rate of $0.28. The company reported record net income of $6.7 million and total assets surpassing $1.4 billion for the first time. Management executed an executive leadership transition with Moishe Gubin assuming the CEO role and Braden Smith joining as President. Additionally, the firm completed a capital structure simplification by exchanging all outstanding Series B and C Convertible Preferred Stock into non-voting common stock. OptimumBank Holdings, Inc. operates in the banking industry, providing community banking services.

OptimumBank Holdings, Inc. reported second quarter 2026 net income of $6.7 million, or $0.40 per basic share, and $0.28 per diluted share, increasing from $4.7 million and $0.20 per diluted share in the first quarter of 2026. For the six months ended June 30, 2026, net income reached $11.3 million. Growth was driven by an $8.2 million improvement in net interest income and a $1.2 million increase in noninterest income. Total assets grew to $1.4 billion, while gross loans increased by $126.2 million to $1.2 billion. Total deposits rose to $1.2 billion. The company also completed a capital structure simplification by exchanging all outstanding Series B and Series C convertible preferred stock for 11,458,351 shares of nonvoting common stock. OptimumBank Holdings, Inc. is a financial holding company that operates a commercial bank.