Replies to post #11 on Omni Financial Services (OFSI)

[Alyssa]

Yes it's OFSI's subsidiary. Uh oh. What happened to the 30 days they had to come up with a plan under the Agreement signed just last week?

http://birmingham.bizjournals.com/birmingham/stories/2009/03/23/daily52.html?ana=yfcpc

Interesting comment from the Fed:

Omni...“incurred losses that have depleted most of its capital, and there is no reasonable prospect that the bank will become adequately capitalized without federal assistance.”

Is there any hope in that statement?

[Billybob_TX]

Oh well it was a gamble :(

[zambia123]

http://www.onb.com/
stay away