OptimumBank Holdings in Ft. Lauderdale, Fla., raised nearly $8 million by selling common and preferred stock.
The $791 million-asset company disclosed in a regulatory filing that it entered into subscription agreements with six investors to sell 1.5 million shares of common stock and 526,000 preferred shares.
OptimumBank also entered into registration rights agreements with five of the investors, requiring the company to register 1.4 million shares of common stock.
The filing did not identify the investors.
Compass Point Research and Trading was the sales agent.