Omni Financial cuts 20% of workforce
Business, Real Estate | (0)
Omni From the Atlanta Investor Wire:
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.
Things are not looking good at Omni National Bank.
Lumberjack with Axe, originally uploaded by ron brewer.
