FORT LAUDERDALE, Fla., Oct. 21, 2010 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC) announced today that its Board of Directors approved a 1-for-4 reverse split of its common stock expected to take effect on the close of business on November 5, 2010. At the effective time of the reverse stock split, each four shares of OptimumBank's common stock outstanding will automatically convert into one share of common stock. Fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.
OptimumBank Holdings, Inc. Announces 1-for-4 Reverse Stock Split
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