Bank Failure
Omni National Bank
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Closed March 27, 2009 · Atlanta, GA · FDIC Cert #22238.
- Closing date
- March 27, 2009
- Headquarters
- Atlanta, GA
- FDIC Certificate
- 22238
- Total assets at closing
- $979.6M
- Total deposits at closing
- $813.2M
- Estimated loss to the insurance fund
- $288.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On March 27, 2009, regulators closed Omni National Bank, headquartered in Atlanta, GA. At closing, the institution held approximately $979.6M in assets and $813.2M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $288.4M.
By assets at closing this is the 219th largest of the 3,526 bank failures in the FDIC record, and the 28th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Omni National Bank fail?
Omni National Bank was closed by regulators on March 27, 2009.
How big was Omni National Bank when it failed?
Omni National Bank had approximately $979.6M in total assets and $813.2M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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