Founded in March 1976, Omni National Bank is headquartered in Atlanta, Georgia. Omni National Bank is a subsidiary of Omni Financial Services, Inc., a publicly traded bank holding company.  Omni Financial Services, Inc.’s common stock trades via the Pink Sheets under the symbol “OFSI.PK”.

Omni National Bank is a full-service, national bank with assets in excess of $850 million. Through the banks Internet banking operation, Omni National Bank services clients nationwide.  The bank has four full service banking locations in North Carolina; two in Georgia; one in Chicago, Illinois; one in Tampa, Florida; one in Dallas,Texas; and one in Houston, Texas.  In addition, Omni National Bank has loan production offices in Charlotte, North Carolina; Dalton, Georgia; Birmingham, Alabama; and Philadelphia, Pennsylvania.

Omni National Bank operates as a full service national bank.  Omni National Bank provide a broad array of financial products and services, including specialized services such as community redevelopment lending, small business lending and equipment leasing, residential construction lending, consumer lending, and asset-based lending. 

The bank offers checking, savings, money market, and individual retirement accounts, as well as certificates of deposit.  The company also provides residential and commercial redevelopment loans; commercial and personal loans; loans to finance business purposes, including working capital, real estate, capital improvements, construction, and equipment; business loans; long term loans for construction, expansion, acquisition, and debt refinancing of commercial businesses; commercial mortgages for real estate investors; loan packaging, participations, and sales in secured loan transactions; residential mortgage loans for housing rehabilitation and renovation; and consumer loan products.  In addition, it offers credit cards, telephone and Internet banking, automated teller machine cards and Visa check cards, online bill payment, travelers’ checks, and safe deposit boxes

Per the company website, Omni National Bank seeks to expand its financial products and services and geographic markets to meet the needs of their customers, diversify their revenue stream and mitigate their exposure to regional economic downturns.

On September 25, 2008, the periodic reporting obligations of Omni Financial Services, Inc. (the “Company”) were suspended automatically pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  These obligations include the requirement to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K relating to the Company’s business, operations and financial condition.  The Company will continue to file required Federal Reserve reports of its condition, however, and its subsidiary, Omni National Bank, will continue to file required reports of its condition with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  These reports will continue to be publicly available.
Omni Financial Services, Inc parent company of Omni National Bank, announced today that it implemented a reduction in force to reduce expenses and to maximize organizational efficiency primarily at its headquarters located in Atlanta, Georgia and in its Tampa, Florida office. In Atlanta, 19 people representing approximately 20% of the workforce were terminated, along with 2 employees representing 20% of the Tampa, Florida workforce. Two employees at other office locations were also terminated in the RIF.   The reduction in force included Irwin M. Berman, OFSI’s president and the Bank’s chief risk manager.

Per FDIC data, the bank had total assets of $1,029,911,000.00 and total deposits of $846,838,000.00.   Net operating income was a loss of  -$4,775,000.00.

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