OptimumBank Modernizes Capital Structure; AllianceBernstein Converts 350K Shares To Preferred Equity

OptimumBank Holdings, Inc. (NYSE:OPHC) (the "Company") is pleased to provide a year-end update on the successful completion of a comprehensive modernization of its capital structure. This strategic initiative, finalized through a series of coordinated actions by the Company's largest institutional and insider stakeholders, establishes a transparent and high-performance equity foundation as the Company prepares for its next phase of asset growth.

AllianceBernstein Deepens Long-Term Alignment

As part of its ongoing investment strategy, AllianceBernstein, a leading global asset manager, has continued to increase its economic exposure to the Company in a manner designed to support the Company's long-term growth while maintaining appropriate ownership levels.

Over the last two years, AllianceBernstein increased its investment through a combination of open-market purchases, direct investments in both common and preferred equity, and a conversion of a portion of its holdings into non-voting equity. Most recently, in October 2025, AllianceBernstein elected to rebalance a portion of its holdings by converting 350,000 shares of common stock into preferred stock. This structure allows AllianceBernstein to increase its economic exposure to the Company in a manner consistent with applicable ownership limits and regulatory requirements, while maintaining appropriate governance alignment.

The non-voting shares are fully exchangeable into voting common stock, providing flexibility over time while allowing AllianceBernstein to support the Company's growth without increasing voting control.