(By Balaseshan) OptimumBank Holdings Inc.'s (NASDAQ:OPHC) subsidiary OptimumBank said it has appointed Thomas Procelli as Operating Chief.
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.
The company said Procelli has over 34 years of banking experience, having served in various executive and senior management positions in operations, information systems, compliance and audit.
The company also named Jeffrey Cannon, Senior Vice President of Lending. Cannon joined OptimumBank in May 2012 as the bank's proposed executive officer in charge of lending.
Upon regulatory approval, Cannon will be named as the bank's Chief Lending Officer. His office is located at the bank's executive offices at 2477 East Commercial Boulevard in Fort Lauderdale.
Cannon's banking career spans over 24 years. He has served in a variety of executive and senior lending and management positions in community, regional and national banks.
Chairman Moishe Gubin said restructuring the company's management team with Tom and Jeffrey is an exciting step forward. Their expertise will be invaluable as it reshapes the OptimumBank brand into a successful retail community bank.
OPHC is trading up 2.00% at $0.510 on Thursday. The stock has been trading between $0.38 and $5.43 for the past 52 weeks.