OptimumBank Holdings, Inc. Announces NASDAQ Listing Extension

OptimumBank Holdings, Inc. Announces NASDAQ Listing Extension

FORT LAUDERDALE, Fla., Oct. 25, 2013 (GLOBE NEWSWIRE) -- OptimumBank Holdings,
Inc. (Nasdaq:OPHC), the parent company of OptimumBank ("Company"), announced
today that NASDAQ had accepted OptimumBank Holdings, Inc. business plan and
recapitalization efforts and will allow continued listing on NASDAQ.

As part of the Company's aggressive effort to shed troubled assets, loan
write-downs caused the Holding Company's capital to fall slightly below
listing requirements. The Holding Company was able to demonstrate that the
charges were one time in nature and that earnings and performance had

Chairman Moishe Gubin said, "We at OptimumBank are buoyed by the decision of
NASDAQ and we fully intend to operate at the level NASDAQ expects. We remain
confident in the bank and we look forward to our profitability in the near

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,

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: For more information contact:
         Moishe Gubin, Chairman of the Board or
         Thomas A. Procelli, Chief Operating Officer
         at (954) 900-2800

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