OptimumBank issues $35M subordinated notes, 7.5% fixed-to-floating due 2036

OptimumBank Holdings, Inc.

Sold $35.0M aggregate principal of 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 at 100% face value.
Fixed rate 7.50% through Aug 31, 2031, then resets quarterly to 3-month SOFR plus 340 basis points.
Redeemable at company's option on/after September 1, 2031; maturity September 1, 2036.
Net proceeds for general corporate purposes; notes intended to qualify as Tier 2 capital.
Private placement under Rule 506(b); registration rights agreement requires exchange offer for registered notes.

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