1 star ratingAverage User Rating:
1 star rating based on 7 reviews.

OmniAmerican Bank

OmniAmerican Bank Locations
1320 S. University Drive
Fort Worth, TX 76107
(817) 335-6664
www.omniamerican.com

FDIC


OmniAmerican Bank is headquartered in Fort Worth and is the 36th largest bank in the state of Texas. It is also the 515st largest bank in the nation. It was established in 2006 and as of March of 2013, it had grown to 317 employees at 15 locations. OmniAmerican Bank has a 5-star health rating.

OmniAmerican Bank Routing Number: 311981533

Related Posts

3.00% 5-Year CD And 2.25% 3-Year CD At Omniamerican Bank In Dallas/Fort Worth (Forum) - 7/25/2010

OmniAmerican Bank has some fairly competitive CD and IRA CD rates as of 7/25/2010: 3.00% APY 5-year CD 2.25% APY 3-year CD It appears that a branch visit is required to open an account. Branches are located throughout the Dallas/Forth Worth metro ar

2.50% 36-Month CD And IRA CD At Omniamerican Bank In Texas (Forum) - 7/5/2010

OmniAmerican Bank is offering two competitive long-term CD and IRA CD rates as of 7/5/2010: 2.50% APY 3-year CD and IRA CD, min $500 3.00% APY 5-year CD and IRA CD, min $500 It appears that a branch visit is required to open an account. Branches are

Top 2-Year CD Rate at OmniAmerican Bank in Dallas/Fort Worth - Local Only - 4/27/2010

OmniAmerican Bank is offering a competitive 2.10% APY 2-year CD. Minimum deposit is $500. Other CDs of note include a 2.50% APY 36-month CD and a 3.00% APY 60-month CD. These rates are listed in the ...

5.00% 60-Month CD at a Texas Bank (Omni American) - 6/23/2008

Omni American Bank is offering a 5.00% APY 5-year CD. The other long-term CDs with terms from 24 months to 59 months are also fairly competitive with a yield of 4% APY. The minimum deposit is $1,000. These are also available in an IRA CD.A branch visit...



See Rates for: Checking | Savings | Money Market | CD | IRA

OmniAmerican Bank Checking Account Rates

ApyMinMaxProduct
0.15%$50k-Business Checking Value Package with Interest Account
0.15%$100k-Relationship Checking with Interest
0.05%$25k-Checking Plus

OmniAmerican Bank Savings Account Rates

ApyMinMaxProduct
0.05%$2,500-Omni Savings
0.05%$250-IRA Savings
0.05%$250-Rocky Raccoon Savings Club
0.05%$300-Business Savings
0.05%$250-Roth IRA Savings
0.05%$250-CESA Savings

OmniAmerican Bank Money Market Rates

ApyMinMaxProduct
0.30%$500k-Money Market Account
0.30%$500k-Money Market Business Savings

OmniAmerican Bank CD Rates

ApyMinMaxProduct
1.60%$1k-60 Month Certificate
1.60%$1k-Business 60 Month Certificate
1.05%$1k-36 Month Certificate
1.05%$1k-Business 36 Month Certificate
1.05%$1k-48 Month Certificate
1.05%$1k-Business 48 Month Certificate
0.80%$1k-24 Month Certificate
0.80%$1k-Business 24 Month Certificate
0.50%$1k-12 Month Certificate
0.50%$1k-Business 12 Month Certificate
0.30%$2,500-6 Month Certificate
0.30%$2,500-Business 6 Month Certificate

OmniAmerican Bank IRA Rates

ApyMinMaxProduct
1.60%$1k-60 Month IRA Certificate
1.60%$1k-60 Month Roth IRA Certificate
1.60%$1k-60 Month CESA Certificate
1.05%$1k-48 Month IRA Certificate
1.05%$1k-48 Month Roth IRA Certificate
1.05%$1k-48 Month CESA Certificate
1.05%$1k-36 Month CESA Certificate
1.05%$1k-36 Month IRA Certificate
1.05%$1k-36 Month Roth IRA Certificate
0.80%$1k-24 Month CESA Certificate
0.80%$1k-24 Month IRA Certificate
0.80%$1k-24 Month Roth IRA Certificate
0.50%$1k-12 Month CESA Certificate
0.50%$1k-12 Month IRA Certificate
0.50%$1k-12 Month Roth IRA Certificate

Rates updated: 6/17/2013

Data for Q1 2013


Institution Statistics


OmniAmerican Bank
OTS #17995
FDIC Certificate #58050
BankRate ReportView
Year Established2006
Employees317
Primary RegulatorOCC

Assets and Liabilities

Assets$1.28 billion
Loans$742.59 million
Deposits$839.47 million
Equity Capital$188.33 million
Loan Loss Allowance$6.92 million
Unbacked Noncurrent Loans$8.39 million
Real Estate Owned$4.53 million

Historic Data - March 2012

Assets$1.37 billion
Equity Capital$181.58 million
Loan Loss Allowance$7.73 million
Unbacked Noncurrent Loans$10.17 million
Real Estate Owned$6.88 million

Profit Margin - Quarterly

Net Interest Margin3.17%
Return on Assets0.7%
Return on Equity4.71%
Interest Income$11.19 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 OmniAmerican Bank had $12.92 million in non-current loans and owned real-estate with $195.25 million in equity and loan loss allowances on hand to cover it. This gives OmniAmerican Bank a Texas Ratio of 6.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for OmniAmerican Bank decreased slightly from 9.04% as of March 31, 2012 to 6.62% as of March 31, 2013, resulting in a positive change of 26.86%.This indicates that the balance sheet and financial strength for OmniAmerican Bank has improved slightly in recent periods.
Deposit Growth3
In the past year, OmniAmerican Bank has decreased its total deposits by -$4.29 million, resulting in -0.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth OmniAmerican Bank has shown is average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. OmniAmerican Bank has $1.28 billion in assets with $195.25 million in equity, resulting in a capitalization level of 15.29%, which is excellent.
Write Review

Run Run Runaround
1 stars - jpetester - Saturday, January 15, 2011 - 12:30 AM

1 star is being very generous.I have never been treated subhuman until trying to remove deposits from this establishment. Three trips to sign their papers, misleading and false statements, so far two copies of my driver license (careful or they forget? to give it back). An additional trip is still required according to this place. Stay away if you might have a future need for your funds .

6

Horrible Management... Thieves.
1 stars - Ann0001 - Tuesday, October 4, 2011 - 12:18 PM

Horrible people all around.  I had overdrawn acct by .17 cents... $35 overdraft fee. Would not remove it for ANYTHING.  Been a customer for over 10 years and only had 1 other draft fee removed years ago.  Lady was a B about it.

My mom banks w/Frost and had 8 overdraft fees. She called them and asked if they could help her because she's having a hard time financially. They saw she had been a customer for a long time and revoed SEVEN of the EIGHT fees. That's a bank that cares.

Omni is only in it to take your money. They're worse than Bank of America... that's bad. ( I should know, I have BOA now.)

 

5

Bad Service And Disorganized!
1 stars - abi - Monday, January 2, 2012 - 9:44 AM

I must have called 25 times regarding my car loan and NEVER received a call back! 3 separate trips to the branch in White Settlement! Disorganized and poor customer service!

4

Lost Title
1 stars - bankaccounts - Thursday, June 9, 2011 - 4:35 PM

Horrible experience!! After paying off a 4 year car loan the title was mailed to my old address even after confirming my new address while making the final payment. They then tell me they will mail a "release of lien" and that I will have to pay for a new title.  Left message after message with no return calls from customer service rep. Stay Away from these folks they are disorganized and dont follow up.

3

Never Ever Do Business With Omni American Bank
1 stars - Anonymous - Monday, April 30, 2012 - 2:19 PM

It was my first car loan with OmniAmerican bank. I refinanced my loan with my bank with in 1 day my bank mail off a payoff check to OmniAmerican and OmniAmerican did not post the check to my account for a whole month. I called and talked to customer services rep time after time, no one had a clue where my check was then they found the check, and Mrs.Coleman had never posted the check. So my account could be closed. I called and left message after message, she never returned my calls. Hell, No I will never ever do business with OmniAmerican bank again, and I will make sure I tell all my family and friends never to do business with OmniAmerican.

1

I GUESS WITH ALL THE BAD REVIEWS, I WON't PUT MY MONEY IN THERE.
1 stars - Anonymous - Saturday, March 3, 2012 - 8:52 PM

DO NOT HAVE AN ACCOUNT NOR HAVE I EVER HAD AN ACCOUNT WITH THESE PEOPLE, BUT THE BAD REVIEWS IS ENOUGH TO CONVINCE ME NOT TO HAVE ONE. I HAD CONSIDERED A CD INVESTMENT, BUT THANKS TO ALL THE REVIEWS, I WON'T HAVE TO.

1

HORRIBLE!!!
1 stars - Anonymous - Monday, March 14, 2011 - 8:41 AM

WORST BANK EVER!!!! Horrible customer service! Took me an hour to just find out my payoff on a car loan. Very unorganized bank, gives me no faith in our banking system. Over paid on a car note, and they couldn't even tell me how much money I was getting back. TOTAL IGNORAMUSES!!! You are a bank, you should be able to tell me the exact dollar amount I should be getting back! DO NOT BANK THERE!!!!!

1