OptimumBank Holdings, Inc. Announces Third Quarter Results

OptimumBank Holdings, Inc. Announces Third Quarter Results

FORT LAUDERDALE, Fla., Oct. 30, 2013 (GLOBE NEWSWIRE) -- OptimumBank Holdings,
Inc. (Nasdaq:OPHC), the parent company of OptimumBank ("Company"), announced
today a net loss for the third quarter ending September 30, 2013 of
approximately $(325,000), or $(.05) per basic share, as compared to a net loss
for the same period last year of approximately $(1.0) million, or $(.14) per
basic share adjusted for the reverse stock split that occurred on June 3,
2013.

The third quarter loss of $325,000 is a significant change from the $2.3
million second quarter loss and represents the best quarterly performance
since 2011. Chairman Moishe Gubin said, "This progress is the direct result of
introducing greater operational efficiencies through increased use of
technology and the restructuring of long term FHLB advances."

Chairman Gubin noted that key performance metrics continue to strengthen with
the net interest margin increasing from 2.05% in September 2012 to 3.18% in
September 2013, the bank's liquidity ratio stands at 20% of deposits and
several credit facilities having been established with other financial
institutions. As of the end of the quarter, the loan origination pipeline was
$8.8 million. Chairman Gubin also said, "The pronounced improvement in core
earnings is accelerating, with several initiatives pending that will build on
this momentum. The Board, along with Executive and Senior Management are
systematically unlocking value in the balance sheet, infrastructure and
customer base."

The Company's capital ratios are below its regulatory capital requirements at
September 30, 2013, with a tier one leverage capital ratio of 5.87% and a
total risk-based capital ratio of 8.62%. OptimumBank Holdings, Inc. plans to
raise additional capital during 2013 through a $2.7 million investment from
key investors, including Moishe Gubin.

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,
Florida.

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
         Thomas A. Procelli
         Chief Operating Officer
         (954) 900-2800

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