1 star ratingAverage User Rating:
1 star rating based on 4 reviews.

OmniAmerican Bank

OmniAmerican Bank Locations
1320 S. University Drive
Fort Worth, TX 76107
(866) 670-OMNI (6664)
www.omniamerican.com



OmniAmerican Bank is headquartered in Fort Worth and is the 32nd largest bank in the state of Texas. It is also the 495th largest bank in the nation. It was established in 2006 and as of September of 2011, it had grown to 328 employees at 15 locations. OmniAmerican Bank has a 4-star health rating.

OmniAmerican Bank Routing Number: 311981533

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

OmniAmerican Bank Checking Account Rates

ApyMinMaxProduct
0.30%$500k-Relationship Checking with Interest
0.20%$50k-Business Checking Value Package with Interest Account
0.05%$1k-Checking Plus

OmniAmerican Bank Savings Account Rates

ApyMinMaxProduct
0.10%$2,500-Omni Savings
0.05%$250-IRA Savings
0.05%$250-Rocky Raccoon Savings Club
0.05%$250-Roth IRA Savings
0.05%$250-CESA Savings
0.00%$300-Business Savings

OmniAmerican Bank Money Market Rates

ApyMinMaxProduct
0.45%$1m-Money Market Business Savings
0.40%$100k-Money Market Account

OmniAmerican Bank CD Rates

ApyMinMaxProduct
1.75%$500-60 Month Certificate
1.75%$500-Business 60 Month Certificate
1.50%$500-48 Month Certificate
1.50%$500-Business 48 Month Certificate
1.15%$500-36 Month Certificate
1.15%$500-Business 36 Month Certificate
1.10%$500-24 Month Certificate
1.10%$500-Business 24 Month Certificate
0.50%$500-12 Month Certificate
0.50%$500-Business 12 Month Certificate
0.35%$500-6 Month Certificate
0.35%$500-Business 6 Month Certificate

OmniAmerican Bank IRA Rates

ApyMinMaxProduct
1.75%$500-60 Month IRA
1.75%$500-60 Month Roth IRA
1.75%$500-60 Month CESA
1.50%$500-48 Month IRA
1.50%$500-48 Month Roth IRA
1.50%$500-48 Month CESA
1.15%$500-36 Month CESA
1.15%$500-36 Month IRA
1.15%$500-36 Month Roth IRA
1.10%$500-24 Month IRA
1.10%$500-24 Month Roth IRA
1.10%$500-24 Month CESA
0.50%$500-12 Month CESA
0.50%$500-12 Month IRA
0.50%$500-12 Month Roth IRA

Rates updated: 2/11/2012 * Not all products updated

Data for Q3 2011


Institution Statistics


OmniAmerican Bank
OTS #17995
FDIC Certificate #58050
BankRate ReportView
Year Established2006
Employees328
Primary RegulatorOCC

Assets and Liabilities

Assets$1.33 billion
Loans$666.48 million
Deposits$821.32 million
Equity Capital$183.72 million
Loan Loss Allowance$6.42 million
Unbacked Noncurrent Loans$10.34 million
Real Estate Owned$9.32 million

Historic Data - September 2010

Assets$1.13 billion
Equity Capital$172.98 million
Loan Loss Allowance$6.40 million
Unbacked Noncurrent Loans$9.39 million
Real Estate Owned$11.16 million

Profit Margin - Quarterly

Net Interest Margin3.56%
Return on Assets0.36%
Return on Equity2.62%
Interest Income$40.90 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 OmniAmerican Bank had $19.66 million in non-current loans and owned real-estate with $190.13 million in equity and loan loss allowances on hand to cover it. This gives OmniAmerican Bank a Texas Ratio of 10.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for OmniAmerican Bank held steady from 11.46% as of September 30, 2010 to 10.34% as of September 30, 2011, resulting in a positive change of 9.77%.This indicates that the balance sheet and financial strength for OmniAmerican Bank has held steady in recent periods.
Deposit Growth2
In the past year, OmniAmerican Bank has decreased its total deposits by -$8.44 million, resulting in -1.02% 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 below 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 $1.33 billion in assets with $190.13 million in equity, resulting in a capitalization level of 14.33%, 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 .

5

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.)

 

4

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!

3

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.

2