You might say this institution is omnipresent in the Dallas-Fort Worth metroplex. OmniAmerican Bancorp is the holding company for OmniAmerican Bank, which provides deposit and lending services through more than 15 offices. OmniAmerican Bank caters to businesses and individuals. The company also offers wealth management services such as money market and high yield checking accounts, and financial planning. OmniAmerican Bank started in 1956 as a small financial institution serving the Carswell Air Force Base military community, and converted from a credit union to a thrift in 2006.
In 2010 OmniAmerican Bank converted from a mutual savings bank to stock form. In the process OmniAmerican Bank became a subsidiary of OmniAmerican Bancorp. The holding company also conducted an initial public offering and raised nearly $120 million. The company plans to use the money to fund organic growth and possible go after acquisitions of commercial banks, savings institutions, financial service companies, and branch offices.
During the recent transitions the bank has increased its residential and commercial real estate, real estate construction, and commercial business lending business, while focusing less on consumer lending. One-to-four-family home mortgages account for more than 35% of OmniAmerican Bank's loan portfolio. – less