OmniAmerican Expects IPO This Summer

CU Times January 4, 2006 - 11:37 AM

DALLAS – OmniAmerican Bank, the $1 billion former OmniAmerican Credit Union that converted with Community Credit Union to a bank in 2005 expects to make its initial public offering of stock in the summer, according to a story in the Fort Worth Star-Telegram.

Both OmniAmerican and Community said they intended to make the stock offerings under a mutual holding company structure in their disclosure packages to members prior to the charter conversion vote. They each expect to offer $100 million in stock in their IPO’s, the paper reported.

In the meantime both institutions are busy changing signage. All OmniAmerican has to do is change "credit union" to "bank," but Community has changed its name to Viewpoint Bank