OptimumBank Holdings announces entry into small business administration lending

OptimumBank announces its entry into providing government loans to small and middle market companies. President and Chief Executive Officer Tim Terry, has selected Chris Tomlinson to head the division as Vice President, SBA Director. Tomlinson started his career in 2005, as a financial business specialist and has served in various commercial banking positions. Chairman Gubin stated "We are in the process to becoming an SBA participating bank. The addition of Mr. Tomlinson to our lending team will inevitably contribute to the development of new business relationships for the Bank and towards our ultimate goal of growing the Bank. Expanding our strategic lending initiatives by funding loans under the 7(a) Loan Program will give us the ability to help more small businesses get access to capital that can be used for a wide range of business purposes. The Bank has a proven track record with loan growth and has excess liquidity to fund the production of $25,000,000 in SBA loans projected in the budget for 2023."