OptimumBank Holdings, Inc. Announces Year End Results

OptimumBank Holdings, Inc. Announces Year End Results

FORT LAUDERDALE, Fla., Jan. 31, 2013 (GLOBE NEWSWIRE) -- OptimumBank Holdings,
Inc. (Nasdaq:OPHC), the parent company of OptimumBank ("Company"), announced
today a net loss for the fourth quarter ending December 31, 2012 of
approximately $(2.3) million, or $(.07) per basic share, as compared to a net
loss for the same period last year of approximately $(57,000), or $(.003) per
basic share. The net loss for the year ending December 31, 2012 was
approximately $(4.7) million, or $(.15) per basic share, as compared to a net
loss for the prior year of approximately $(3.7) million, or $(.17) per basic

A large portion of the net loss for the 2012 fourth quarter was a $1.3 million
provision for loan losses resulting from lower current valuations of several
older problem loan relationships. Chairman Moishe Gubin said, "I am
disappointed with the results, but I believe we have dealt with the majority
of the legacy issues since the recapitalization of the Company in late 2011."

For the year ending December 31, 2012, the Company reduced non-performing
assets by approximately 22.7% or $8.2 million to a total of $28.0 million.
Chairman Gubin noted, "We continue to have a number of transactions in process
that should further reduce non-performing assets in 2013."Mr. Gubin also
said, "Core demand deposits grew 8% this year as a result of new business
relationships, which helped reduce the Company's cost of funds at December 31,
2012 to a historical low."

The Company's capital ratios exceeded its regulatory capital requirements at
December 31, 2012, with a tier one leverage capital ratio of 8.12% and a total
risk-based capital ratio of 12.22%.

The Company offers a wide array of 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,

The OptimumBank Holdings, Inc. logo is available at

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
         (954) 776-2332

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