OMNIAMERICAN BANCORP, INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Randi Mitchell
Vice President Marketing
817-367-4659
Randi.Mitchell@OmniAmerican.com
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OMNIAMERICAN BANCORP CELEBRATES FIRST DAY OF
TRADING ON NASDAQ
Initial Public Offering generates $119,025,000 in gross proceeds
Fort Worth, Texas - January 21, 2010 - OmniAmerican Bancorp (NASDAQ: OABC), the
newly-created holding company for Fort Worth-based OmniAmerican Bank, announced
today that it opened stock trading on the NASDAQ Global Market following the
closure of an initial public offering that closed at the adjusted maximum of the
offering range and generated gross proceeds of $119,025,000.
"The overwhelming response to our initial public offering has been very
encouraging and, in light of the current economic conditions, is a testament to
the faith that our members have in the OmniAmerican leadership team," said Tim
Carter, president and CEO of OmniAmerican Bank. "We are excited to provide our
depositors a chance to share in the ownership of our institution and look
forward to using this revenue to grow and create new opportunities for customers
and employees."
Members of OmniAmerican Bank approved a Plan of Conversion on January 15, 2010,
allowing the Bank to proceed with the conversion and stock offering.
OmniAmerican Bancorp's initial subscription offering sold 11,902,500 shares of
common stock at $10.00 per share to eligible account holders, depositors as of
March 31, 2008, of OmniAmerican Bank.
The offering and conversion were managed by Keefe, Bruyette & Woods, Inc. Luse
Gorman Pomerenk & Schick, P.C., Washington D.C., served as special counsel to
OmniAmerican Bank.
OmniAmerican Bank's financial advisor and marketing agent, Keefe, Bruyette &
Woods, Inc., has reviewed all orders and has posted allocation information.
Consistent with information on a subscriber's Receipt of Order, allocation
information can be obtained at https://allocations.kbw.com.
OmniAmerican Bank is a federally chartered savings bank headquartered in Fort
Worth, Texas. Originally chartered in 1956 as a federal credit union serving the
active and retired military personnel of Carswell Air Force Base, the
institution completed its conversion from a credit union to a federal mutual
savings bank on January 1, 2006 and completed its conversion from mutual to
stock form on January 20, 2010.
About OmniAmerican Bancorp
OmniAmerican Bancorp is traded under the NASDAQ Global Market under the symbol
"OABC" and is the holding company for OmniAmerican Bank, a full-service
financial institution headquartered in Fort Worth, Texas. OmniAmerican Bank
operates 16 full-service branches in the Dallas/Fort Worth Metroplex and offers
a full array of consumer products and services plus business/commercial
services, mortgages and retirement planning. Founded over 50 years ago,
OmniAmerican has grown to manage assets over $1 billion, providing the highest
level of personal service. Electronic banking and additional information are
available at www.OmniAmerican.com.
This release contains certain "forward looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
may be identified by the use of such words as "believe," "expect," "anticipate,"
"should," "planned," "estimated," and "potential." Forward-looking statements
are subject to various factors which could cause actual results to differ
materially from these estimates. These factors include, but are not limited to,
general economic and market conditions, legislative and regulatory conditions,
changes in interest rates that adversely affect OmniAmerican Bank's interest
rate spread, changes in deposit flows, loan demand or real estate values and
other economic, governmental, competitive, regulatory and technological factors
that may affect OmniAmerican Bank's operations.
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