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OmniAmerican Heads Class of Ex-Mutuals Ripe for Takeover

January 23, 2013

Monday marked three years since the $1.3 billion-asset OmniAmerican (OABC) in Fort Worth, Texas, converted from a mutual savings bank to a stock corporation. Regulations bar converted mutuals from selling themselves during their first three years, and speculation usually heats up as they approach that milestone. "I do know that they don't have the earnings that they should have," says Daniel Bass, a managing director at Performance Trust Capital Partners. "I would assume they are getting talked to, [and] they have such a good footprint in Fort Worth from a buyer's perspective."

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