On Friday, March 27, 2009, Omni National Bank, Atlanta, GA was closed by the Office of the Comptroller of the Currency (OCC) and
the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other relationships
with the institution. The FDIC has compiled the following information,
which should answer many of your questions.
The FDIC has issued a press release
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
LaJuan Williams-Young at 202-898-3876.
This link will allow you to verify the insurance status of each of your accounts. This link will be available
for use no later than the first business day after bank failure.
Simply enter your account number in the search screen. If you receive the message that "your account
is fully insured" a link will appear that provides you with additional information. If you receive the message that you should contact the FDIC, then a link will appear that provides
you contact information.
All insured non-brokered deposit accounts have
been received by
SunTrust Bank, Atlanta, GA ("paying agent")
and will be available immediately. From Monday, March 30, 2009, through
Monday, April 27, 2009, the former Omni National Bank locations will be operated
by SunTrust Bank.
Principal and interest on insured accounts, through Friday, March 27, 2009,
are fully insured by the FDIC, up to the insurance limit of $250,000. You
will receive full payment for your insured account. Certain entitlements
and different types of accounts can be insured for more than the $250,000
limit. IRA funds are insured separately from other types of accounts,
up to a $250,000 limit.
All interest bearing accounts that exceed the $250,000 insurance limit
and/or all interest bearing accounts that appear to be related and exceed
this limit are reviewed
to determine their ownership and insurance coverage. If you think
you might have uninsured deposits, you should call the FDIC Call Center
arrange for a telephone interview with a Claims Agent at 1-800-830-3256.
The Claim Agent may direct you to download and submit a particular
form that will assist in expediting the processing of your claim.
FDIC Call Center
Hours of Operation
All Hours are Eastern Time
Friday, March 27, 2009:
Saturday, March 28, 2009:
9:00 a.m. – 6:00
Sunday, March 29, 2009:
Noon – 6:00
a.m. – 8:00 p.m.
If it is determined that you have uninsured funds, the FDIC will generate
and mail to you a Receiver Certificate. This certificate entitles
you to share proportionately in any funds recovered through the disposal
of the assets of Omni National Bank. This
means that you will eventually recover some of your uninsured funds.
Checks that were drawn on Omni National Bank will be
honored up to your available balance or the insured amount through
April 27, 2009. You may
withdraw funds from any transferred account without an early withdrawal penalty
until you enter into a new deposit agreement with your new bank. A
hold may be in place on deposit accounts due to delinquent loans where the
depositor is the borrower or guarantor. Additionally, any account pledged
as collateral for a loan will be held. You may view more
SunTrust Bank by
visiting their web site.
The Automated Teller Machines (ATM) will remain available, online
services will be in a read-only mode until March 30, 2009.
During the four week period ending on April 27, 2009, you
are encouraged to make arrangements with SunTrust Bank regarding your safe
deposit boxes and any other services
to which you previously had access.
For Depositors in Texas and Illinois
During the four week period, depositors in Texas and Illinois are encouraged
to come into their local branch and close their account. At the end
of the four week period SunTrust Bank will close all remaining accounts
checks to the Depositor's address of record.
For Depositors in Florida and Georgia
During the four week period, depositors in Florida and Georgia are
encouraged to come into their local branch and open a new account with
SunTrust. At the end of the four week period, SunTrust Bank will close
all remaining accounts and open new SunTrust accounts.
For All Depositors
Your checks will be processed as usual through April 27, 2009. All outstanding checks
that clear prior to April 27, 2009 will be paid against your available insured balance(s)
as if no change had occurred. If you have a problem with a merchant
refusing to accept your check, please contact your branch office. An
account representative will clear up any confusion about the validity of
All interest accrued through Friday, March 27, 2009,
will be paid at your same rate. SunTrust Bank will
be reviewing rates and will provide further information soon. You
will be notified of any changes.
You are encouraged to make new arrangements for your automatic direct
deposit(s) and/or automatic withdrawal(s). If
you have any questions or special requests, you may contact a representative
of SunTrust Bank at your
If you had a loan with Omni National Bank, you should
continue to make your payments as usual. The terms of your loan will not change
under the terms of the loan contract, because they are contractually agreed to
in your promissory note with the failed institution. Checks should be made
payable as usual and sent to the same address until further notice. If you have
further questions regarding an existing loan, please contact your loan officer.
For all questions regarding new loans and the lending policies of
SunTrust Bank, please contact your branch office.
If you or your company provided a service or product, leased space,
furniture, or equipment to Omni National Bank after
Friday, March 27, 2009 and have not been paid you do not have a claim against
Omni National Bank. Please follow your normal billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company provided
a service or product, leased space, furniture, or equipment to the Omni National Bank prior
to Friday, March 27, 2009 and have not been paid you may be
entitled to a claim against the bank. If you provided a product
to or a service for Omni National Bank prior to the bank's failure for which you have not been
paid and you have not received communication,
Federal Deposit Insurance Corporation Receiver:
Omni National Bank
1601 Bryan Street
Dallas, TX 75201
Please note: There are time limits for filing a claim,
your claim must be filed on or before 07/01/2009.
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.