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AI brief of an SEC Form 8-K · OptimumBank Holdings, Inc. (OPHC)

OptimumBank sells $35.0 million of 7.50% subordinated notes due 2036

Neutral Impact 3 of 5 financing Written later

OptimumBank Holding Company issued $35.0 million of 7.50% fixed-to-floating rate subordinated notes due September 1, 2036, at 100% of face amount, in a private placement to institutional investors. The company said it will use the net proceeds for general corporate purposes and intends for the notes to qualify as Tier 2 capital, which adds $35.0 million of unsecured debt that ranks below its senior indebtedness.

Key points

  • $35.0 million principal at a fixed 7.50% rate until September 1, 2031, then resetting quarterly to three-month term SOFR plus 340 basis points
  • Issued at 100% of face amount under a Subordinated Note Purchase Agreement and Indenture dated August 19, 2026, with UMB Bank, National Association as trustee
  • Notes are unsecured, subordinated and junior in right of payment to current and future senior indebtedness; the company may redeem them on or after September 1, 2031
  • Registration Rights Agreement requires an exchange offer; the company must pay additional interest to holders if it fails to meet those obligations

The filing

CompanyOptimumBank Holdings, Inc. (OPHC)
Form8-K, current report
Filed with the SECAug 19, 2026, 4:43 PM ET
Accession number0001493152-26-039232

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 19, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.