For over 50 years, OmniAmerican Bank has been committed to enhancing the quality of our customers’ lives by offering comprehensive products, exceptional service and a dedication to the safety and soundness of the institution. The stability, safety and security of our customer’s deposits are our highest priority and, despite ongoing turmoil in the financial markets, our team will continue to implement measures that will maintain the strength of our institution and ensure the protection of our customers.

Stable
OmniAmerican is a financially strong bank with over $1 billion in assets. In addition, federal regulators have declared that we have adequate capital, which is a key component to the stability of any financial institution. Our entire team, from Executive Management to our front line employees, is dedicated to the stability of our institution and we remain focused on managing processes to ensure continued growth.

OmniAmerican remains stable for many reasons; chief among them is our practice of not making loans to sub-prime borrowers. The making of sub-prime mortgage loans has been a common thread among the institutions which have been highlighted recently in the news. Our Mortgage division continues to serve our customers by loaning money to credit worthy Metroplex families. As a result of our lending practices, we continue to enjoy record breaking months.

OmniAmerican is neither an investment bank nor do we make subprime loans. In addition, we did not have any investments in Fannie Mae or Freddie Mac stock. In contrast, financial institutions involved in the current crisis include investment banks that specialize in raising funds through the capital markets and banks making sub-prime mortgage loans.

Click here to review OmniAmerican’s current financial statement.

Safe
“Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.” – FDIC

The FDIC is an independent agency of the United States government that protects the funds depositors place in FDIC-insured institutions. As a federally insured financial institution, OmniAmerican Bank can assure you that your accounts are backed by the full faith and credit of the United States government.  The standard maximum deposit insurance amount currently is $250,000 per depositor. The $250,000 limit is permanent for IRA’s and certain other retirement accounts.  The $250,000 limit is temporary for all other deposit accounts through December 31, 2013.  On January 1, 2014, the standard maximum deposit insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

To ensure funds are fully protected, depositors should understand their coverage limits.  The FDIC provides separate coverage for deposits held in different account ownership categories.  For more information about how the FDIC insures your deposits and how to maximize your coverage, please click on the link below:

FDIC – The FDIC home page provides information about deposit insurance coverage, as well as a link to EDIE, the Electronic Deposit Insurance Estimator.

In addition, OmniAmerican Bank is participating in the FDIC’s Transaction Account Guarantee Program.  Under this Program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

Click here for more information about how the FDIC insures your deposits and how to maximize your coverage.

Click here to view FDIC Consumer News.

Secure
OmniAmerican provides a multiplicity of security measures to assure your privacy and to protect your information. The layered security design has proper controls to ensure secure data transfers and storage. OmniAmerican Bank maintains a robust security system centered on both the individual employee and the technical processes which make contemporary banking secure and convenient for you to use.

Click here to learn more about how OmniAmerican is working to protect your identity. Information is also available about identity theft, phishing, pretexting, scams and other Internet fraud plus tips for securely and safely shopping on the Internet.