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Shareholders of OptimumBank Holdings (OPHC) have approved a reverse stock split aimed at preserving the Fort Lauderdale, Fla., company's Nasdaq listing.
May 20 -
A small Florida bank whose shares are so thinly traded that they are in danger of being delisted is suddenly one of the hottest stocks on the Nasdaq — and its president has no idea why.
March 29 -
OptimumBank Holdings in Ft. Lauderdale, Fla., has hired a veteran banker as its chief executive. The $150 million-asset company said Tuesday that it had hired Timothy Terry.
February 12
OptimumBank Holdings (OPHC) in Fort Lauderdale, Fla., can keep listing its shares on the Nasdaq now that a reverse stock split has brought the stock above the exchange's minimum price.
The $136 million-asset bank said Wednesday that it is back in compliance with the Nasdaq's minimum-bid listing rules, which require a company's stock to trade above $1 per share. Nasdaq told the company on June 17 that it had returned to compliance; the exchange had warned OptimumBank a year ago that its share price was too low.
OptimumBank underwent a
"This is a positive development for the company and our shareholders and is in line with our desire to remain a public company," said Chairman Moishe Gubin in a press release. "As a public firm we may more easily use our shares as future merger and acquisition currency."
In March 2012, OptimumBank