OptimumBank Holdings Inc. Stock Analysis OPHC

OptimumBank Holdings, Inc. engages in offering a variety of community banking services to individual and corporate customers through its subsidiary, OptimumBank. The company is headquartered in Fort Lauderdale, Florida and currently employs 98 full-time employees. The company went IPO on 2003-05-08. The Bank is a state-chartered bank. The Bank offers a variety of commercial banking services to individual and corporate customers through its two branch offices located in Broward County, and one branch office in Miami Dade County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. Its services offered include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, time deposits, Wire transfers, ACH services, Visa debit and ATM cards, cash management, direct deposits, notary services, money orders, night depository, cashier’s checks, domestic collections, and banking by mail. The company provides ATM cards and Visa debit cards as a part of the Star, Presto and Cirrus networks, thereby permitting customers to utilize the convenience of ATMs worldwide. The company offers business lending lines for working capital needs.