Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Former OmniAmerican CU offers IPO
FORT WORTH, Texas (1/22/10)--OmniAmerican Bancorp, a newly created holding company for Omni-American Bank in Fort Worth, Texas--and a former credit union-- opened stock trading on NASDAQ Thursday following an initial public offering (IPO) that raised more than $119 million. Members of OmniAmerican Bank approved a conversion plan Jan. 15, which allowed the bank to proceed with a conversion and stock offering. The IPO sold 11.9 million shares of common stock at $10 per share to eligible account holders--depositors as of March 31, 2008, according to Globe Newswire (via CNN Jan. 21). In 2007, OmniAmerican Bank’s board of directors voted to convert to a publicly traded, mutual holding company. OmniAmerican was formerly the second-largest credit union in Fort Worth. The credit union changed its name on Jan. 1, 2006, after members voted 3-to-1 in July 2005 to convert to a bank (News Now Feb. 13, 2007).


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
11 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
14 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
14 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
15 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
15 hours ago