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) July 14, 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 July 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 July 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)
July 14, 2008 (Date)	/s/   RICHARD L. BROWDY Richard L. Browdy President

Exhibit Index
99.1	Press release dated July 14, 2008

EX-99.1

EXHIBIT 99.1

OptimumBank Holdings Announces Quarterly and Six-Month Results

FORT LAUDERDALE, Fla., July 14, 2008 (PRIME NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC), holding company for OptimumBank, reported net income of $388,797, or $.12 per basic share, for the second quarter ended June 30, 2008, as compared to net income of $387,004, or $.12 per basic share, for the prior year quarter ended June 30, 2007. Net income for the six-month period ended June 30, 2008 was $817,825 or $.26 per basic share, as compared to $801,977, or $.26 per basic share, for same period last year. Chairman of the Board Albert Finch said, "We are proud to maintain our earnings with unprecedented weakness in the real estate market." On June 12, 2008, the Company declared a 5% stock dividend for the third year in a row. Mr. Finch noted, "We are looking positively to the future and want to continue to reward shareholder loyalty."

Company assets increased to $251.9 million at June 30, 2008, as compared to $237.4 million at June 30, 2007, a 6.1% increase. The Company's net loan portfolio declined to $161.5 million at June 30, 2008, as compared to $172.4 million at June 30, 2007. The Company's securities portfolio increased to $78.4 million at June 30, 2008, as compared to $53.4 million at June 30, 2007. President Richard L. Browdy noted, "Lending demand is weak and the Company continued to increase its loan loss reserves this quarter to reflect the deteriorating real estate 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, 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
           Albert J. Finch, Chairman of the Board
             (954) 776-2332