OptimumBank Names Chief Operating Officer and Senior Lending Officer

OptimumBank Names Chief Operating Officer and Senior Lending Officer

FORT LAUDERDALE, Fla., July 12, 2012 (GLOBE NEWSWIRE) -- OptimumBank, a
wholly-owned subsidiary of OptimumBank Holdings, Inc. (Nasdaq:OPHC), announced
today that Mr. Thomas Procelli was named Chief Operating Officer and Mr.
Jeffrey Cannon, Senior Vice President of Lending.

Mr. Procelli has served as the Executive Vice President and Chief Technology
Officer of OptimumBank since its inception in 2000 and as a director of
OptimumBank since 2010. Mr. Procelli has over 34 years of banking experience,
having served in various executive and senior management positions in
operations, information systems, compliance and audit. Mr. Procelli received
his master's degree in finance and his bachelor's degree in accounting from
Hofstra University in Hempstead, New York.

Jeffrey Cannon joined OptimumBank in May 2012 as the bank's proposed executive
officer in charge of lending. Upon regulatory approval, Mr. Cannon will be
named as the bank's Chief Lending Officer. Mr. Cannon's banking career spans
over 24 years. He has served in a variety of executive and senior lending and
management positions in community, regional and national banks. He graduated
from Washington University in St. Louis, Missouri, with a bachelor's degree in
business administration, and received his master's degree in finance from
Florida Atlantic University in Boca Raton, Florida.

Jeffrey Cannon commented, "We want to improve the banking experience for local
businesses. Our executive team is readily accessible and dedicated to
providing our customers with outstanding one-on-one service." Mr. Cannon's
office is located at the bank's executive offices at 2477 East Commercial
Boulevard in Fort Lauderdale.

Moishe Gubin, Chairman of the Board, said, "Restructuring our management team
with Tom and Jeffrey is an exciting step forward for us. Their expertise will
be invaluable as we reshape the OptimumBank brand into a successful retail
community bank." Mr. Gubin also noted, "We are extremely motivated to lend to
small and medium-sized businesses in our markets and meet all of their banking
needs."                       

OptimumBank offers a wide array of competitive lending and retail banking
products to individuals and businesses in Broward, Miami-Dade and Palm Beach
Counties through its executive offices and three branch offices in Broward
County, Florida.

The OptimumBank Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3232                           

  This press release includes forward-looking statements and OptimumBank
  Holdings, Inc. intends for such statements to be covered by the safe harbor
  provisions of the Private Securities Litigation Reform Act of 1995. These
  forward-looking statements describe OptimumBank Holdings, Inc.'s
  expectations regarding future events. Future events are difficult to predict
  and are subject to risk and uncertainty which could cause actual results to
  differ materially and adversely. OptimumBank Holdings, Inc. undertakes no
  obligation to revise or amend any forward-looking statements to reflect
  subsequent events or circumstances.

CONTACT: Moishe Gubin
         Chairman of the Board
         or
         Richard L. Browdy
         President
         at (954) 776-2332

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