Texas Patriot

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

Omni National Bank Falls

j0351868

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)

Advertisements

No comments yet»

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: