 OptimumBank Holdings, Inc. OPHC the Company, the parent company of OptimumBank, today announced that it has commenced a private offer to exchange the Exchange Offer its outstanding Trust Preferred Securities, upon the terms and subject to the conditions set forth in the confidential offering memorandum dated November 27, 2019 and related letter of transmittal together, the Offering Documents. THE EXCHANGE OFFER WILL EXPIRE IMMEDIATELY AFTER 11:59 P.M., EASTERN TIME, ON DECEMBER 26, 2019, UNLESS EXTENDED SUCH TIME AND DATE, AS IT MAY BE EXTENDED, THE EXPIRATION DATE. Under the Exchange Offer, the Company will issue shares of its common stock, par value 0.01 per share the Common Stock, for Trust Preferred Securities. 