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OptimumBank Holdings Inc (OPHC.OQ)

OPHC.OQ on NASDAQ Stock Exchange Capital Market

5.01USD
12 Jan 2018
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Summary

Name Age Since Current Position

Moishe Gubin

38 2011 Independent Chairman of the Board

Timothy Terry

59 2013 President and Chief Executive Officer of the Bank

Jeffry Wagner

60 2013 Executive Vice President and Chief Financial Officer of the Bank

Jeff Cannon

54 2012 Executive Vice President and Chief Lending Officer of the Bank

John Clifford

2016 Director

Thomas Procelli

63 2017 Director

Martin Schmidt

2015 Director

Avi Zwelling

2017 Director

Joel Klein

68 2012 Independent Director

Biographies

Name Description

Moishe Gubin

Mr. Moishe Gubin is an Independent Chairman of the Board of OptimumBank Holdings Inc. He has served as a director of OptimumBank since March 2011, as a director of the Company since October 2011, and as Chairman of the Board of the Company and OptimumBank since December 2011. Since 2010, he has served as the chief executive officer of United Rx, LLC, a long term care pharmacy, and since November 2003, his primary occupation has been the ownership and financial management of 45 skilled nursing facilities located in Indiana and Illinois. Since 2005, he has served as the chief financial officer and principal of Infinity Healthcare Management located in Hillside, Illinois, which provides consulting services for 29 skilled nursing facilities. He is the founder, president and treasurer of the Midwest Torah Center, a not for profit educational center in South Bend, Indiana. He graduated from Touro Liberal Arts and Science College, in New York, New York, with a BS in Accounting and Information Systems and a Minor in Jewish Studies. He attended Yeshiva Bais Israel where he received a BA in Talmudic Literature. Mr. Gubin has been a licensed Certified Public Accountant in the State of New York since 2010.

Timothy Terry

Mr. Timothy L. Terry is President, Chief Executive Officer of the Bank, since February 2013. Prior to joining the Company, Mr. Terry served as Interim President and CEO of Putnam State Bank in Palatka, Florida, from 2011 to 2012. From 2005-2011, Mr. Terry was President and CEO of Enterprise Bank of Florida, after initially serving as Executive Vice President, Senior Loan Officer, Branch Administrator and Sales Manager from 2002. From 1999-2002, He served as Executive Vice President and Senior Loan Officer of Palm Beach National Bank and Trust, after joining the company in 1993. From 1985-1993, Mr. Terry was Vice President of Flagler National Bank, West Palm Beach, Florida. Prior to that, he was Assistant Vice President of SNB Bank and Trust in Battle Creek, Michigan. He is also a graduate of the American Bankers Association Stonier Graduate School of Banking at the University of Delaware.

Jeffry Wagner

Mr. Jeffry T. Wagner is Executive Vice President and Chief Financial Officer of the Bank since March 2013. Mr. Wagner has been in banking for 33 years and most recently served as CFO at Florida Business Bank in Melbourne Florida. During the 20 year period from 1980 to 2002, He worked at Huntington Bank, eventually rising to SVP and Director of Profitability and Analysis at the Holding Company level. His experience includes: mergers and acquisitions, strategic planning and corporate restructuring. He also developed Huntington’s integrated CRM solution. He received his BSBA degree in Finance and International Business from Bowling Green State University. He is an officer and trustee, and past treasurer, of the Reeves Foundation. The Reeves Foundation is one of the largest private foundations in Ohio. Mr. Wagner has been a frequent speaker at conferences covering customer profitability, and appeared in numerous trade publications along with the Wall Street Journal on topics related to finance and technology.

Jeff Cannon

Mr. Jeff Cannon is Executive Vice President, Chief Lending Officer of OptimumBank, of OptimumBank Holdings, Inc., Mr. Cannon is a experienced lender with 25 years of experience in the South Florida market. He has a proven track record in generating and maintaining client relationships in loan and deposit production, as well as managing professional and administrative staff. He previously served as Executive Vice President - Commercial Banking Executive for CNL Bank in South Florida, and held senior lending positions at Regions Bank, South trust Bank N.A., First Union National Bank and Barnett Bank. Mr. Cannon received his BSBA degree in finance and real estate from Washington University located in St. Louis, Missouri and his MBA in finance from Florida Atlantic University located in Boca Raton, Florida. He is Series 79 and 63 Investment Banking and Florida Real Estate Sales Associate licensed.

John Clifford

Mr. John H. Clifford serves as Director of the Company. Mr. Clifford is a resident of Hobe Sound, Florida and a retired banker who provides additional banking experience to the directorates. Mr. Clifford was President and CEO of Coastal Federal Credit Union in Jacksonville, Florida and was associated with several other financial institutions during his career in the northeast, which include The Community Bank, Brockton, Massachusetts and Bank of Fall River, Fall River, Massachusetts.

Thomas Procelli

Mr. Thomas A. Procelli serves as Director of the Bank. Mr. Procelli has served as the Executive Vice President and Chief Technology Officer of OptimumBank since its inception in 2000 and as a director of OptimumBank since 2010. He worked as a contingency planning consultant for Consolidated Bank located in Hialeah, Florida. During the ten year period of 1980 to 1990, He was employed nine years with American Savings and Loan Association, FSB, of Miami, Florida, serving finally as Vice President of Corporate Development after managing several other departments, including Office Automation, Methods and Analysis, and Information Systems Auditing. In 1985, He served as the Manager of the Computer Audit Assistance Group for the West Palm Beach, Florida office of the public accounting firm of Coopers & Lybrand. Prior to 1980, He held auditing positions at Intercontinental Bank, Miami Beach, Florida; European American Bank, New York; and, National Westminster Bank USA, New York. Mr. Procelli received his MBA in finance in 1979 and his BBA degree in accounting in 1976 from Hofstra University located in Hempstead, New York.

Martin Schmidt

Mr. Martin Z. Schmidt is Director of OptimumBank Holdings, Inc, the parent company of OptimumBank. Mr. Schmidt is a resident of Boynton Beach, Florida and provides investment management, insurance and financial services to his clients. He is also an exhibited photographer, woodworker and musician. Mr. Schmidt served as the Chairman for his community Holocaust Memorial for twenty-five years. Mr. Schmidt served with the United States Army Reserves 423d Military Police Company Uniondale, NY from 1968-1973.

Avi Zwelling

Joel Klein

Mr. Joel Klein is an Independent Director of OptimumBank Holdings, Inc. since February 2012. Mr. Klein has been retired since 2011. From 2006 until 2010, he served as Chief Financial Officer for Chicago-based Taxi Affiliation Services, LLC, a company that provides support services to transportation companies in five states and over twenty separate municipalities. Between 1994 and 2005, he was a vice president at The Stamford Group, Inc., a Connecticut based provider of investment and merchant banking services. Prior to his service with The Stamford Group, He served in various financial management capacities, including Chief Financial Officer, Controller, and Senior Accountant with various firms, including Equilease Corporation, Choice Drug Systems, Inc., The Leasing Equipment Group, Ltd., I.C. Herman & Co., Goldstein, Golub, Kessler & Co. CPA’s, and Brout, Isaacs & Co. CPA’s. Mr. Klein received a Bachelor of Science degree in Accounting from Brooklyn College in 1969. He has been licensed as a CPA in the State of New York since 1972.

Basic Compensation

Name Fiscal Year Total

Moishe Gubin

--

Timothy Terry

225,000

Jeffry Wagner

125,000

Jeff Cannon

180,000

John Clifford

--

Thomas Procelli

144,200

Martin Schmidt

--

Avi Zwelling

--

Joel Klein

--
As Of  31 Dec 2014