January 5, 2010 (FinancialWire) — OptimumBank Holdings, Inc. (NASDAQ: OPHC), bank holding company for OptimumBank, said on December 28, 2009, the company received a letter from the Listing Qualifications Staff of The NASDAQ Stock Market notifying the company that it fails to comply with NASDAQ’s minimum market value of publicly held shares requirement to maintain a MVPHS of at least $5,000,000.

In accordance with Marketplace Rule 5810(c) (3) (D), the company will be provided 90 calendar days, or until March 29, 2010, to regain compliance. If, at any time before March 29, 2010, the MVPHS of the company’s common stock is $5,000,000 or greater for a minimum of 10 consecutive trading days, the Staff will provide written notification to the company that it has achieved compliance with the Rule. If the company does not regain compliance with the Rule by March 29, 2010, the Staff will provide written notice that the company’s common stock will be delisted. At that time, the company may appeal the Staff’s determination to delist its securities to a Listing Qualifications Panel.

The company said it cannot predict whether it will achieve compliance with the Rule by the stated deadline. As a result, it is considering potential alternatives for the listing of its common stock, including submission of an application for transfer to the NASDAQ Capital Market.

Through its executive offices and three bank branches in Broward County, Florida, the company offers real estate lending and retail banking products to individuals and businesses in Broward, Dade and Palm Beach Counties. The Bank also offers internet banking services through its “OptiNet” internet banking website

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