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OptimumBank Holdings Announces the Death of Director Sam Borek

FORT LAUDERDALE, Fla., Dec. 15, 2014 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC), the parent company of OptimumBank ("Company"), announces with great sadness the loss of Sam Borek, Vice Chairman of the Board of Directors of the Bank. Mr. Borek, 64 years old, passed away unexpectedly on Friday, December 12, 2014.

OptimumBank Holdings shareholders and the OptimumBank management team, as well as the employees and many of the people he worked with and befriended over the years, are greatly saddened by the passing of Sam Borek. "We mourn his loss and extend our sympathies to his family, particularly his wife and three children, who meant the world to him," stated Bank Chairman Moishe Gubin.

A banking and real estate attorney in the state of Illinois, Mr. Borek was the founder and managing partner of the Law Offices of Borek & Associates. "Sam Borek was instrumental in raising the capital required to start the Bank in November of 2000. He was the last remaining founding director and a source of great strength and leadership to the Bank during his fourteen year tenure on the Board," stated Thomas Procelli, Bank Director and COO.

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

Source:OptimumBank Holdings, Inc.