Omni National Bank – Everything You Need to Know


Disclaimer: This article is for general informational purposes only and is not financial or legal advice. The author makes no representations or warranties about the accuracy or completeness of the information presented, and shall not be liable for any loss or damage arising from its use.

On 27-Mar-09, Omni National Bank, located in Atlanta, GA, was shut down by the GA Division of Financial Institutions. We have shared more information on this page. Here, you should find all the information you might want to know about Omni National Bank Failure.

About Omni National Bank

Omni National Bank was established in Atlanta and had grown to become a well-respected financial institution in GA. However, the bank could not keep up with the changing regulations and technologies in the industry and could not remain profitable.

The closure of Omni National Bank is a reminder of the importance of being vigilant about checking the financial health of banks. Consumers should also be aware of the FDIC’s Deposit Insurance Program, which insures deposits up to $250,000 per depositor.

The FDIC is working to ensure that all customers of Omni National Bank will receive their insured deposits. No Acquirer will be making available additional information on the transfer of deposits and other financial matters.

No Acquirer is a well-established financial institution and is committed to working with customers of Omni National Bank to provide the same level of service they have come to expect.

The FDIC encourages customers of Omni National Bank to contact No Acquirer with any questions regarding the transfer of their deposits and other related financial matters.

You can share your opinion & questions about Omni National Bank in the comments 🙂

MoneyBrighter Editor

Information Table of Omni National Bank

Bank NameOmni National Bank
CityAtlanta
StateGA
Cert22238
Acquiring InstitutionNo Acquirer
Closing Date27-Mar-09
Fund10048

FAQs about Omni National Bank

What is the Omni National Bank and where was it located?

Omni National Bank was a bank located in Atlanta, GA.

When did the Omni National Bank close?

The Omni National Bank closed on 27-Mar-09.

Was the Omni National Bank insured by the FDIC?

Yes, the Omni National Bank was insured by the FDIC.

How much of my deposit with the Omni National Bank is insured by the FDIC?

The FDIC insures deposits up to $250,000 per depositor, per account type, for the Omni National Bank Cert number 22238.

Which institution acquired the Omni National Bank after its closure?

No Acquirer acquired the Omni National Bank after its closure.

How can I access my insured deposits after the closure of the Omni National Bank?

You can access your insured deposits by contacting the FDIC or the acquiring institution that took over the Omni National Bank.

Will my loans and other accounts with the Omni National Bank be transferred to the acquiring institution?

Yes, your loans and other accounts with the Omni National Bank will be transferred to the acquiring institution.

What happens to my uninsured deposits with the Omni National Bank after its closure?

The treatment of uninsured deposits varies based on the bank’s assets and how much it owes to other creditors. You may not receive the full amount of your uninsured deposits back.

Can I dispute the closure of the Omni National Bank if I feel it was unjustified or unfair?

If you have concerns about the closure of the Omni National Bank, you can contact the FDIC or a legal professional for advice on your options. However, keep in mind that the FDIC typically only closes banks when they are deemed to be insolvent and unable to meet their obligations.

Things You Might Ask

What is a failed bank?

A failed bank is a bank that has been closed by its regulatory authority due to financial difficulties.

Why do banks fail?

Banks can fail for various reasons, such as bad loans, mismanagement, fraud, or economic downturns.

How many banks have failed in the United States?

As of 2021, more than 550 banks have failed in the United States since 2000.

What happens to a bank’s customers when it fails?

The bank’s customers become creditors and their deposits may be insured by the FDIC up to a certain limit.

Is my money safe if my bank fails?

If your bank is insured by the FDIC, then your deposits up to $250,000 per depositor, per account type, are insured by the FDIC.

How do I know if my bank is insured by the FDIC?

You can check if your bank is insured by the FDIC by visiting the FDIC’s BankFind website or by calling the FDIC’s toll-free number.

How long does it take for the FDIC to pay out my insured deposits?

The FDIC typically pays out insured deposits within a few days after a bank fails.

Can I withdraw my money before my bank fails?

Yes, you can withdraw your money before your bank fails. However, if you do so, your deposits will no longer be insured by the FDIC.

Will I lose my non-insured deposits if my bank fails?

If your bank fails and you have non-insured deposits, you may not receive the full amount of your deposits back.

What happens to my loans if my bank fails?

Your loans may be transferred to a new lender.

What is the FDIC?

The FDIC is the Federal Deposit Insurance Corporation, an independent agency of the United States government that provides insurance coverage for bank deposits.

How does the FDIC insure bank deposits?

The FDIC insures bank deposits up to $250,000 per depositor, per account type.

What happens to the assets of a failed bank?

The assets of a failed bank are typically used to pay off debts and liabilities, including insured deposits, and any remaining funds/assets are distributed to the bank’s creditors.

How does the FDIC pay for failed bank resolutions?

The FDIC pays for failed bank resolutions through a combination of insurance premiums paid by banks and funds from the U.S. Treasury.

Can I sue my failed bank for my losses?

You may be able to sue your failed bank, but the likelihood of recovery depends on the bank’s assets and liabilities.

What is the difference between a failed bank and a bank that is in receivership?

A failed bank is a bank that has been closed by its regulatory authority, while a bank in receivership is a bank that is under the control of the FDIC or another receiver.

What is a receiver?

A receiver is a person or entity that takes control of a failed bank’s assets and operations.

Can a bank come back from being failed?

A failed bank cannot come back in its original form, but its assets may be acquired by another institution and put back into operation.

Can I continue to use my failed bank’s ATM and debit card?

You may be able to continue using your failed bank’s ATM and debit card for a short period of time, but you should contact the bank or the FDIC for more information.

Can I open a new account with the acquiring institution?

Yes, you can open a new account with the acquiring institution.

What happens to my safe deposit box if my bank fails?

Your safe deposit box will be closed and you will be allowed to retrieve your contents, but you should contact the bank or the FDIC for more information on how to do so.

Can I access my account information after my bank fails?

You may be able to access your account information for a short period of time after the bank fails, but you should contact the bank or the FDIC for more information.

What is the FDIC’s role in resolving failed banks?

The FDIC’s role is to ensure that insured depositors are reimbursed for their deposits and to manage the failed bank’s assets and liabilities.

Can I still pay my bills if my bank fails?

You may still be able to pay your bills if your bank fails, but you should contact the bank or the FDIC for more information on how to do so.

Will the acquiring institution honor my bank’s interest rates?

The acquiring institution may honor your bank’s interest rates, but you should contact the acquiring institution for more information.

How can I find out if my bank is in danger of failing?

You can check your bank’s financial condition by reviewing its financial statements and regulatory filings, or by contacting your bank’s regulators.

Can a bank fail even if it is insured by the FDIC?

Yes, a bank can still fail even if it is insured by the FDIC.

Can I withdraw my money from my failed bank online?

You may not be able to withdraw your money from your failed bank online, but you should contact the bank or the FDIC for more information.

Can I transfer my account to another bank after my bank fails?

Yes, you can transfer your account to another bank after your bank fails.

Will the acquiring institution change the terms of my account?

The acquiring institution may change the terms of your account, but it should notify you of any changes.

What is the difference between FDIC insurance and SIPC insurance?

FDIC insurance covers bank deposits, while SIPC insurance covers securities and cash held by brokerage firms.

Can I file a claim with the FDIC for losses incurred due to a failed bank’s misconduct?

You may be able to file a claim with the FDIC for losses incurred due to a failed bank’s misconduct, but the likelihood of recovery depends on the bank’s assets and liabilities.

Can a bank fail without causing a financial crisis?

Yes, a bank can fail without causing a financial crisis if it is a small institution and its failure does not have a significant impact on the financial system.

Can I recover my uninsured deposits if my bank fails?

You may not be able to recover all of your uninsured deposits if your bank fails, but you should contact the bank or the FDIC for more information.

Will the FDIC pay for any losses I incur due to a failed bank’s misconduct?

The FDIC may pay for losses incurred due to a failed bank’s misconduct if the losses are related to insured deposits.

How can I protect myself from a bank failure?

You can protect yourself by spreading your deposits across multiple banks, staying informed about your bank’s financial condition, and maintaining adequate insurance coverage.

Will my bank’s failure affect my credit score?

Your bank’s failure may not affect your credit score directly, but it may impact your ability to access credit in the future.

Can I still use my checks from my failed bank?

You may be able to use your checks from your failed bank for a short period of time, but you should contact the bank or the FDIC for more information.

Can I still make deposits to my failed bank account?

You may not be able to make deposits to your failed bank account after the bank fails, but you should contact the bank or the FDIC for more information.

Can I still make withdrawals from my failed bank account?

You may not be able to make withdrawals from your failed bank account after the bank fails, but you should contact the bank or the FDIC for more information.

Will my bank’s failure impact my direct deposits?

Your bank’s failure may impact your direct deposits, but you should contact the bank or the FDIC for more information.

What happens to my credit card with the failed bank?

Your credit card may be transferred to a new issuer, or it may be cancelled.

Can I still use my credit card from my failed bank?

You may be able to use your credit card from your failed bank for a short period of time, but you should contact the bank or the FDIC for more information.

Will my bank’s failure impact my ability to access my retirement accounts?

Your bank’s failure should not impact your ability to access your retirement accounts, but you should contact your bank or the FDIC for more information.

Can I sue the FDIC for losses incurred due to a bank failure?

You may be able to sue the FDIC, but the likelihood of recovery depends on the specific circumstances of your case.

How long will it take for the acquiring institution to reopen my bank?

The timeline for reopening a bank after it fails can vary depending on the complexity of the bank’s operations and assets.

Can I still use my online banking account after my bank fails?

You may not be able to use your online banking account after your bank fails, but you should contact the bank or the FDIC for more information.

Can I still access my mobile banking app after my bank fails?

You may not be able to access your mobile banking app after your bank fails, but you should contact the bank or the FDIC for more information.

Will the FDIC notify me if my bank is in danger of failing?

The FDIC may notify customers of a bank that is in danger of failing, but it is not required to do so.

Leave a Comment