8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 15, 2008

OptimumBank Holdings, Inc.
(Exact name of registrant as specified in its charter)

Florida	000-50755	55-0865043
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2477 E. Commercial Blvd., Ft. Lauderdale, FL 33308	33308
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:   (954) 776-2332

________________________________________________________________________________
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
	[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On January 14, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

    Exhibit 99.1.       Press release dated January 14, 2008

SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OptimumBank Holdings, Inc. (Registrant)
January 15, 2008 (Date)	/s/   RICHARD L. BROWDY Richard L. Browdy President

Exhibit Index
99.1	Press release dated January 14, 2008

EX-99.1

EXHIBIT 99.1

OptimumBank Holdings Announces Strong Quarterly and Year End Results

FORT LAUDERDALE, Fla., Jan. 14, 2008 (PRIME NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC) reported net income of $501,415 or $.17 per basic and $.17 per diluted share for the fourth quarter ended December 31, 2007, representing a 31.7% increase over the $380,829 or $.13 per basic and $.12 per diluted share reported for the same quarter last year. Net income for the year ended December 31, 2007 was $1,741,893 or $.59 per basic and $.57 per diluted share compared to net income of $1,834,839 or $.62 per basic and $.60 per diluted share reported for the prior year ended December 31, 2006. Chairman of the Board, Albert J. Finch noted, "Bad news is prevalent in the financial sector right now. OptimumBank's news is good and our results are extraordinary in light of an unprecedented weak marketplace. Our lending and investing practices have been conservative since opening for business and we have not engaged in sub-prime mortgage lending. As a result, with an overall 57% loan to value at origination in ou r loan portfolio, we are not anticipating the loan problems being reported by other banks."

The Company's assets as of December 31, 2007 increased to $241.5 million compared to $225.7 million at December 31, 2006, a $15.8 million increase. The Company's securities portfolio increased to $58.7 million at December 31, 2007 compared to $33.6 million at December 31, 2006. The Company's net loan portfolio decreased to $173.3 million at December 31, 2007 from $181.8 million at December 31, 2006. Richard Browdy, President, noted, "Tighter underwriting standards coupled with a weak South Florida real estate market slowed loan origination volumes." The Company reported no loan delinquencies at December 31, 2007, with non-performing loans and real estate owned totaling a minimal $245,228 and $78,682, respectively. "We are entering the 2008 year with one of the lowest loan delinquency rates in Florida attesting to the overall strength of our portfolio," remarked Mr. Browdy.

OptimumBank offers retail banking, commercial banking and real estate lending services and products to individuals and businesses in Broward, Dade, and Palm Beach Counties. OptimumBank also offers internet banking services through its "OptiNet" internet banking website, located at www.optimumbank.com.

The OptimumBank Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3232

This press release may contain certain forward-looking statements, which are based on management's expectations regarding factors that may impact the Company's earnings and performance in future periods. Factors that could cause future results and performance to vary materially from current management expectations include, but are not limited to, general economic conditions, war and terrorism, changes in interest rates, deposit flows, loan demand, real estate values and competition; the issuance or redemption of additional company equity or debt; changes in accounting principles, policies or guidelines, changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological facts affecting the Company's operations, pricing, products and services. Nothing contained herein constitutes an offer to sell or the solicitation of an offer to buy the Company's securities.

CONTACT:  OptimumBank Holdings, Inc.
          Richard L. Browdy, President
            (954) 776-2332
            rlbrowdy@optimumbank.com
          Albert J. Finch, Chairman of the Board
            (954) 776-2332
            ajfinch@optimumbank.com