Texas Patriot

Collection of news stories, comments/observations on events directly affecting American politics & society.

Omni National Bank Falls


Out of Atlanta, founded in 2000, total assets $980 mil just a few months ago.

The Dallas branch of Omni Nat’l was taken over this past Friday and it’s assets seized by the Federal Deposit Insurance Corp. The bank had been in Dallas almost 2 years.

This bank had a branch in Houston a year ago with $217, 000 in deposits.

Quote from the Dallas Business Journal:

“FDIC filings show Omni had $573 million in total loans at the end of 2008 but had a high percentage of nonperforming assets. Nearly $200 million in nonperforming loans were on the books at that time.”

(Not to be confused with the Omni Federal Credit Union)

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