FDIC Transaction Account Guarantee Program

Omni National Bank is participating in the FDIC's Transaction Account Guarantee Program.  Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. 

Capital Bank Purchases Omni's Fayetteville, North Carolina Branches

Capital Bank, a subsidiary of Capital Bank Corporation, acquired Omni's four branches in Fayetteville, North Carolina.  The acquisition was complete on December 15, 2008.

FDIC: Deposit Insurance Coverage Increase Became Effective October 3, 2008

The temporary increase in deposit insurance coverage from $100,000 to $250,000 per depositor per institution (through December 31, 2009) became effective on October 3, 2008.  Read the FDIC's Frequently Asked Question regarding deposit insurance coverage.

The Bump-Up CD - The Solution to Low Interest Rates

With interest rates falling, are you hesitant about locking in a long-term CD rate?  Then you need our Bump-Up CD.  The Bump-Up CD is a 2 year CD that allows you to adjust the rate one time during the term of the CD.  If the rates rise during the term, then simply visit your branch to adjust the rate to the prevailing Bump-Up CD rate.  The entire balance will begin earning the higher rate the day following the request.  See your Omni personal banker for additional details.