Get notified when OPHC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- A Material Portion of Our Net Loan Portfolio Was to Owners And/or Operators of Skilled Nursing Facilities (new) — The bank has a significant concentration of loans to skilled nursing facilities, exposing it to sector-specific regulatory and reimbursement risks.
- A Material Portion of Our Loan Portfolio Consists of Mortgages Secured By Real Estate Located In Broward, Miami-dade, and Palm Beach Counties, Florida (new) — Geographic concentration in three Florida counties makes the bank vulnerable to local economic downturns and weather events.
- From Time to Time, In the Ordinary Course of Business, the Company Has Entered Into Transactions With Certain Members of Its Board of Directors (new) — Insider transactions with board members create potential conflicts of interest and governance concerns.
OptimumBank Holdings offers to exchange up to $35M of 7.50% subordinated notes due 2036 for registered notes
Filed September 21, 2026 · ~2 min read
Key Changes
-
high
The exchange offer covers up to $35 million of unregistered 7.50% fixed-to-floating rate subordinated notes due 2036, swapped for registered notes with identical terms.
The Offering verify on EDGAR → -
high
The company receives no cash proceeds from the exchange; it is a debt-for-debt swap to satisfy registration rights, and no additional debt results.
Use of Proceeds verify on EDGAR → -
high
The new notes will not be listed on any exchange or quotation system, and the company does not intend to seek a listing, limiting liquidity for holders.
Risk Factors verify on EDGAR →
5 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (WCN 10-Q) is open in full — no account needed.
Partner
Trade OPHC commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Oct 3, 2026 · How we verify