Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
28 minutes ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
35 minutes ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 hour ago