OptimumBank Holdings, Inc. (OPHC-NASDAQ) Strengthens Board of Directors with the Election of Mr. Steven Newman, at the August 23, 2022 Board of Directors meeting.
30 Agosto 2022 - 5:30PM
OptimumBank Holdings, Inc., the parent company of OptimumBank
(www.OptimumBank.com), a Florida chartered bank that provides a
range of consumer and commercial banking services to individuals
and businesses, is pleased to announce the election of Mr. Steven
Newman as a member to its Board of Directors. Mr. Newman was
elected to fill the vacancy on the Board due to the earlier
resignation of director Heng Fai Ambrose Chan. Mr. Newman was also
appointed as a director of OptimumBank.
Mr. Newman has been an active member of the
South Florida business community since 1998, starting and managing
multiple companies. Mr. Newman is a prolific real estate investor
and holds a Florida Real Estate Broker License at the Newman Group,
LLC where he is the Chief Executive Officer. There, he and his
dedicated team have transacted hundreds of millions of dollars of
real estate. Mr. Newman is the Co-founder and Chairman of the Board
of Freight Factoring Specialists, LLC a middle market, full-service
factoring company serving the transportation industry. Mr. Newman
received his BA in Sociology from Queens College at the City
University of New York in 1988. Mr. Newman has been an active
community volunteer and board member at multiple charitable
organizations and lives in Hollywood, Florida.
“Being able to tap into Mr. Newman’s business
acumen will add additional strength to our well performing
directorate and management team” said Moishe Gubin, Chairman of
Board of OptimumBank. Mr. Newman, a current customer and new
investor, will inevitably contribute to our success with the
development of new business relationships for the Bank considering
his large network of business associates and personal
relationships.”
Chairman Gubin stated “OptimumBank has a strong
directorate with diverse talents and an accomplished management
team committed to growing the bank and ultimately shareholder
value. The results of our collective efforts are being realized
this year as OptimumBank is now a leading commercial bank lender
among banks that assets between $300M to $1B. The bank operates
very efficiently with a directorate of seven members, two executive
officers and two senior level officers.”
About OptimumBank Holdings,
Inc.
OptimumBank Holdings, Inc. operates as the bank
holding company for OptimumBank that provides a range of consumer
and commercial banking services to individuals and businesses. The
company accepts demand interest-bearing and noninterest-bearing,
savings, money market, NOW, and time deposit accounts, as well as
certificates of deposit; and offers residential and commercial real
estate, commercial, and consumer loans, as well as lending lines
for working capital needs. It also provides debit and ATM cards;
investment, cash management, and notary and night depository
services; and direct deposits, money orders, cashier's checks,
domestic collections, drive-in tellers, and banking by mail, as
well as internet banking services. In addition, the company engages
in holding, managing, and disposing foreclosed real estate. It
operates through banking offices located in Broward County,
Florida. OptimumBank Holdings, Inc. was founded in 2000 and is
based in Fort Lauderdale, Florida.
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statements that can be identified by terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements are subject to various risks and
uncertainties and assumptions, including (without limitations)
those relating to the Company’s operations, financial results,
financial condition, business prospects, growth strategy and
liquidity, including as impacted by external circumstances outside
the Company's direct control. If one or more of these or other
risks or uncertainties materialize, or if the Company’s underlying
assumptions prove to be incorrect, the Company’s actual results may
vary materially from those indicated in these statements. These
factors should not be construed as exhaustive. A number of
important factors could cause actual results to differ materially
from those indicated by the forward-looking statements. Information
on certain of these factors can be found in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2021 and the
subsequent Quarterly Reports on Form 10-Q or Current Reports on
Form 8-K, which are available at the SEC’s website (www.sec.gov).
Forward-looking statements speak only as to the date they are made
and OptimumBank Holdings, Inc. does not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.
Investor Relations:OptimumBank Holdings.
Inc.investor@optimumbank.com +1.954.900.2850
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