OPTIMUM BANKHOLDINGS TRANSFERS LISTING OF COMMON STOCK TO THE NYSE AMERICAN
OptimumBank Holdings (OPHC) announced its transfer from Nasdaq to the NYSE American, with trading expected to begin on December 31, 2024, under the same ticker symbol 'OPHC'. The company will continue trading on Nasdaq until market close on December 30, 2024.
Chairman Moishe Gubin expressed excitement about the move, stating it should increase the liquidity and visibility of their common stock. The company joins other institutions like Strawberry Fields REIT (STRW) on the NYSE American. OptimumBank operates through three banking offices in Broward and Miami-Dade Counties, Florida, offering community banking services with FDIC-insured deposits.
OptimumBank Holdings (OPHC) ha annunciato il suo trasferimento da Nasdaq a NYSE American, con l'inizio delle contrattazioni previsto per il 31 dicembre 2024, sotto lo stesso simbolo di borsa 'OPHC'. L'azienda continuerà a negoziare su Nasdaq fino alla chiusura del mercato il 30 dicembre 2024.
Il presidente Moishe Gubin ha espresso entusiasmo per questo passo, dichiarando che dovrebbe aumentare la liquidità e la visibilità delle loro azioni ordinarie. L'azienda si unisce ad altre istituzioni come Strawberry Fields REIT (STRW) sull'NYSE American. OptimumBank opera attraverso tre uffici bancari nelle contee di Broward e Miami-Dade in Florida, offrendo servizi di banking comunitario con depositi assicurati dalla FDIC.
OptimumBank Holdings (OPHC) anunció su traslado de Nasdaq a NYSE American, con el inicio de la negociación previsto para el 31 de diciembre de 2024, bajo el mismo símbolo de ticker 'OPHC'. La empresa continuará negociando en Nasdaq hasta el cierre del mercado el 30 de diciembre de 2024.
El presidente Moishe Gubin expresó su entusiasmo por este movimiento, afirmando que debería aumentar la liquidez y la visibilidad de sus acciones ordinarias. La compañía se une a otras instituciones como Strawberry Fields REIT (STRW) en NYSE American. OptimumBank opera a través de tres oficinas bancarias en los condados de Broward y Miami-Dade en Florida, ofreciendo servicios de banca comunitaria con depósitos asegurados por la FDIC.
옵티멈뱅크 홀딩스 (OPHC)는 나스닥에서 NYSE 아메리칸으로 이전한다고 발표했으며, 거래는 2024년 12월 31일부터 동일한 티커 심볼 'OPHC'로 시작될 예정입니다. 이 회사는 2024년 12월 30일 시장 마감 시까지 나스닥에서 계속 거래됩니다.
모이셰 구빈 회장은 이번 이동에 대해 기대감을 표하며, 이는 그들의 보통주에 대한 유동성과 가시성을 증가시킬 것이라고 말했습니다. 이 회사는 NYSE 아메리칸에서 스트로베리 필드 REIT (STRW)와 같은 다른 기관에 합류합니다. 옵티멈뱅크는 플로리다 주 브로워드 및 마이애미데이드 카운티에 있는 세 개의 은행 사무소를 통해 FDIC 보험이 적용된 예금을 제공하는 커뮤니티 뱅킹 서비스를 운영합니다.
OptimumBank Holdings (OPHC) a annoncé son transfert du Nasdaq au NYSE American, avec des échanges prévus pour commencer le 31 décembre 2024, sous le même symbole boursier 'OPHC'. L'entreprise continuera à négocier sur le Nasdaq jusqu'à la clôture du marché le 30 décembre 2024.
Le président Moishe Gubin a exprimé son enthousiasme pour ce déménagement, déclarant qu'il devrait accroître la liquidité et la visibilité de leurs actions ordinaires. L'entreprise rejoint d'autres institutions telles que Strawberry Fields REIT (STRW) sur le NYSE American. OptimumBank opère à travers trois agences bancaires dans les comtés de Broward et de Miami-Dade en Floride, offrant des services bancaires communautaires avec des dépôts assurés par la FDIC.
OptimumBank Holdings (OPHC) gab bekannt, dass es von der Nasdaq zur NYSE American wechselt, wobei der Handel voraussichtlich am 31. Dezember 2024 unter demselben Tickersymbol 'OPHC' beginnen wird. Das Unternehmen wird bis zur Marktschließung am 30. Dezember 2024 weiterhin an der Nasdaq gehandelt.
Chairman Moishe Gubin äußerte seine Begeisterung über den Schritt und erklärte, dass dies die Liquidität und Sichtbarkeit ihrer Stammaktien erhöhen sollte. Das Unternehmen reiht sich in die Reihe anderer Institutionen wie Strawberry Fields REIT (STRW) an der NYSE American ein. OptimumBank betreibt an drei Bankfilialen in den Landkreisen Broward und Miami-Dade in Florida und bietet Community-Banking-Dienstleistungen mit von der FDIC versicherten Einlagen an.
- Strategic move to NYSE American potentially increasing stock liquidity and visibility
- None.
Insights
The transfer from Nasdaq to NYSE American represents a strategic move with mixed implications. While both exchanges offer similar services, NYSE American (formerly AMEX) typically caters to smaller-cap companies and can potentially provide better visibility among peer regional banks. The key differentiator is the market making system - NYSE uses designated market makers while Nasdaq relies on multiple market makers, which could affect trading dynamics.
With a market cap of
For retail investors, this change means dealing with slightly different trading mechanics but shouldn't materially impact their ability to trade OPHC shares. The key consideration is whether the new listing venue can deliver on the promised improved liquidity - something that will take several months to evaluate.
The exchange transfer signals OptimumBank's strategic positioning among regional banking peers but doesn't fundamentally alter its business operations or financial strength. As a small Florida-based bank with just three branches in Broward and Miami-Dade Counties, the company's core performance metrics and market position remain unchanged.
The move to NYSE American could provide better alignment with other regional banks listed there, potentially attracting more sector-focused institutional investors who actively track this exchange. However, the bank's fundamental value drivers - loan portfolio quality, deposit base stability and regional market penetration - are unaffected by this listing change.
The timing of the transfer, scheduled for December 31, 2024, suggests careful planning to minimize any potential disruption to trading activity. The continuation of the OPHC ticker symbol helps maintain brand consistency and reduces confusion for existing shareholders.
Fort Lauderdale, FL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) (“OptimumBank” or the “Company”) today announced today that it is transferring the listing of its common stock to the NYSE American from The Nasdaq Stock Market LLC (“Nasdaq”).
OptimumBank’s common stock is expected to begin trading on the NYSE American on December 31, 2024, under the ticker symbol of “OPHC.” The Company expects its common stock to continue to trade on Nasdaq until the close of the market on December 30, 2024.
“We are excited to announce our new listing on the NYSE American. We believe this strategic move will help us increase the liquidity and visibility of our common stock and company as we join many other successful banks and companies, such as Strawberry Fields REIT, Inc. (STRW), in trading on the NYSE American,” said Moishe Gubin, Chairman of OptimumBank.
“The NYSE is thrilled to welcome OptimumBank to our community,” said Chris Taylor, Vice President, Global Head of Listings and Services at NYSE Group. “As the listing home to many of our nation’s regional banks, the company should feel right at home among its peers.”
OptimumBank Holdings, Inc.
OptimumBank Holdings, Inc. is a Florida corporation formed in 2004 as a bank holding company for OptimumBank (the “Bank”). The Company’s only business is the ownership and operation of the Bank. The Bank is a Florida state-chartered bank established in 2000, with deposits insured by FDIC. The Bank offers a variety of community banking services to individual and corporate customers through its three banking offices located in Broward and Miami-Dade Counties, Florida.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our limited operating history, managing our expected growth, risks associated with the integration of acquired websites, possible inadvertent infringement of third-party intellectual property rights, our ability to effectively compete, our acquisition strategy, and a limited public market for our common stock, among other risks. OptimumBank Holdings, Inc.’s future results may also be impacted by other risk factors listed from time to time in its SEC filings. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and OptimumBank Holdings, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Investor Relations & Corporate Relations
Contact: Seth Denison
Telephone: (305) 401-4140
Email: SDenison@OptimumBank.com
FAQ
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