The Office of the Comptroller of the Currency in the US has closed Omni National Bank and has appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC has entered into an agreement with SunTrust Bank, to act as paying agent for the insured deposits of Omni National Bank.
As the Federal Deposit Insurance Corporation’s (FDIC) paying agent, SunTrust will operate the six former branches of Omni National, on behalf of the receiver, until April 27, 2009. Omni National had branches in Atlanta, Georgia; Dalton, Georgia; Tampa, Florida; Chicago, Illinois, Dallas, Texas; and Houston, Texas. Banking activities, such as writing checks, can continue normally for former Omni National customers during this transition period.
The FDIC has said that all insured depositors of Omni National may transfer their accounts to other banks at any time until April 27, 2009. During this 30-day transition period, depositors in Georgia and Florida can choose to either open an account with SunTrust or close their account and receive a check. Customers of those branches who do not open new accounts at SunTrust or withdraw their funds by April 27, 2009 will be automatically transferred to SunTrust.
