other material
confidence high
sentiment positive
materiality 0.55
OptimumBank assets exceed $712M in Q3 2023, up $612M over five years
OptimumBank Holdings, Inc.
- Assets exceeded $712 million at Q3 2023, up from $99.45 million five years ago.
- Year-to-date 2023 asset growth approximately $127 million through September 30.
- Strategic plan includes expanding lending, core deposits, fee-based income, and M&A as buyer.
- Focus on maintaining well-capitalized status and improving net interest margin.
- Chairman highlights goal of increasing shareholder returns through earnings growth.