 Fort Lauderdale, FL, June 07, 2021 GLOBE NEWSWIRE -- OptimumBank Holdings, Inc. OPHC-NASDAQ 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 June 7, 2021 and related letter of transmittal together, the Offering Documents. 