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OmniAmerican Exploring Sale Of Bank, Sources Say

Thursday, September 5, 2013 - 8:05 AMOmniAmerican Bank - Details
Before converting its charter to a bank in late 2005, OmniAmerican was a credit union. When it decided to sell shares to the public for $10 apiece, it raised $119 million from investors, largely its own customers.

“There would be a healthy list of interested parties for any bank in Texas, especially in metropolitan markets,” said Terry McEvoy, an analyst at Oppenheimer & Co. who covers regional banks.

He named BB&T Corp., a North Carolina institution with five Tarrant County branches, including one that opened recently in downtown Fort Worth, and Dallas-based Hilltop Holdings, the parent of PlainsCapital Bank.

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