Core Viewpoint - OptimumBank Holdings, Inc. is transferring its common stock listing from Nasdaq to NYSE American, effective December 31, 2024, aiming to enhance liquidity and visibility [1][2][3]. Company Overview - OptimumBank Holdings, Inc. is a Florida corporation established in 2004 as a bank holding company for OptimumBank, which was founded in 2000 and is a Florida state-chartered bank with FDIC-insured deposits [4]. Listing Details - The common stock of OptimumBank is expected to start trading on NYSE American under the ticker symbol "OPHC" on December 31, 2024, after trading on Nasdaq until the market closes on December 30, 2024 [2]. Strategic Implications - The Chairman of OptimumBank expressed optimism that the move to NYSE American will increase the liquidity and visibility of the company's stock, aligning it with other successful banks listed on the exchange [3]. Industry Context - NYSE American is recognized as a listing home for many regional banks, suggesting that OptimumBank will benefit from being part of a community of similar institutions [4].
OPTIMUM BANKHOLDINGS TRANSFERS LISTING OF COMMON STOCK TO THE NYSE AMERICAN