Omni Financial cuts 20 percent of workforce
Current Events, Investors | (2)
Clients who have had dealings with Omni Financial and Omni National Bank will be interested in this article over at the Atlanta Business Chronicle.
Facing substantial losses stemming from its real estate redevelopment loans, the bank has cut 20 percent of the company’s workforce, including the chief risk officer and president. In Atlanta, 19 people were given the axe.
Not only that, the company was officially de-listed by NASDAQ.
Additionally, the company’s quarterly financial reports are being delayed because of ongoing audits of the books.
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