The move to a new charter in the state of Texas, will gain them more customers and more profits.

Omni Financial Services, Inc. is a bank holding company headquartered in Atlanta, and operates through its wholly owned subsidiary, Omni National Bank. It provides a broad array of financial products and services, including specialized services such as community redevelopment lending, small business lending and equipment leasing, residential construction lending, consumer lending, warehouse lending and asset-based lending.

In September 2006, it completed its initial public offer and plans to use proceeds of around $29 million primarily for the acquisition of other commercial banks or financial services companies in markets with attractive growth prospects and development of additional products or services. For 2006, company’s net interest income increased by 91% to $9.3 million, reflecting an increase in average interest bearing assets.

The company plans to expand its financial products & services and geographic markets to meet the needs of their customers, diversify its revenue stream in order to lessen its exposure to regional economic downturns. Implementation of its plans is evident by recent expansion of product line to include small business financing and asset-based lending after retaining a group of experienced lenders in those areas. Philadelphia, Pennsylvania, Washington and Massachusetts are some of the markets were company is intends to expand.

Over the years company has maintained good capital adequacy ratio above requirements.

Its non-performing assets have decreased to 1.22%. It net interest margin has increased to strong 4.82%. With price earning ratio of 8.46, this is way beyond industry ratio and seems to have potential to meet industry standards.