Friday's bank closure: Since nowadays it wouldn't be Friday without a bank failure, this week it...

|By:, SA News Editor
Friday's bank closure: Since nowadays it wouldn't be Friday without a bank failure, this week it was Omni National Bank of Atlanta's turn. There's no buyer, but SunTrust will act as FDIC's agent, disbursing insured deposits through April 27. Omni had assets of $956M and deposits of $797M. Estimated cost to FDIC, which is assuming the assets: $290M.