Omni Financial Services, Inc. Prices Initial Public Offering.ATLANTA -- Omni Financial Services, Inc. ("Omni") today announced the sale of 3,350,000 shares of its common stock at an initial public offering price of $9.50 per share. Sandler O'Neill + Partners, L.P. is the lead manager and book runner Book Runner The managing or lead underwriter who maintains the books of securities sold for a new issue. Notes: In other words, this person is the underwriter who "runs" the books. Often the book runner is given credit for the total size of the deal. for this offering and Keefe, Bruyette & Woods, Inc. was selected as a co-manager. Omni has granted the underwriters an option exercisable within 30 days to purchase up to an additional 502,500 shares of common stock to cover over-allotments. The offering is scheduled to close on Wednesday, October 4, 2006, subject to customary closing conditions contained in the underwriting agreement Underwriting agreement The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters. entered into among Omni and the underwriters. Omni's common stock is listed on the Nasdaq Global Market under the symbol "OFSI OFSI Omni Financial Services, Inc (stock symbol) OFSI Orchestra Fiati Svizzera Italiana (Swiss Choir) ." Copies of a written prospectus for the offering may be obtained from Sandler O'Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10022, Attn: Syndicate Department or from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019, Attn: Syndicate Department. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Omni Omni Financial Services, Inc. is a bank holding company headquartered in Atlanta, Georgia. Its operations are conducted principally through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Omni National Bank. Omni provides a board 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 Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". . Omni has one full-service banking location in Atlanta, Georgia, one in Dalton, Georgia, four in North Carolina, one in Chicago, Illinois and one in Tampa, Florida. In addition, Omni has loan production offices in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , Dalton, Georgia and Birmingham, Alabama. |
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