Omni National Bank in Georgia Shut, 21st U.S. Failure (Bloomberg)

Omni National Bank in Georgia Shut, 21st U.S. Failure 

March 27 (Bloomberg) -- Omni National Bank of Atlanta was seized by federal regulators, the 21st U.S. bank to fail this year, as foreclosures rise amid the recession and the highest unemployment in a quarter century.

Omni National, with $956 million in assets and $796.8 million in deposits, was shut today by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. was named receiver, the OCC said in a statement. SunTrust Banks Inc. of Atlanta will operate the lender’s six branches in four states and wind down the bank by April 27, the FDIC said.

FoxBiz - Omni National Fails; SunTrust Steps In as Paying Agent