Omnibank
River Rouge, MI · Owner: Omnibanc Corp
$42.0M
total assets, December 31, 1997
$42.0M
total assets, December 31, 1997
Omnibank was a state member bank in River Rouge, MI, owned by Omnibanc Corp. It failed on Apr 9, 1998, and Shorebank, Detroit took over its deposits. At its last report it held $42.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1997
This bank failed
- Failed on
- Apr 9, 1998
- Assets
- $42.0M
- Deposits
- $40.5M
- Estimated cost
- $2.9M
- Deposits went to
- Shorebank, Detroit, River Rouge, MI
Total assets
$42.0M
-32.3% in a year · -9.1% in a quarter
Deposits
$40.5M
-30.5% in a year · -5.4% in a quarter
Loans
$28.7M
-18.1% in a year · -4.7% in a quarter
Profit so far
-$3.3M
Jan 1 to Dec 31, 1997
Capital ratio
1.07%
-2.70 pts in a year
Return on assets
-6.62%
-5.62 pts in a year
Facts
- Type
- State member bank
- Head office
- 10474 West Jefferson Street, River Rouge, MI, 48218
- County
- Wayne
- Holding company
- Omnibanc Corp
- Established
- Mar 1, 1919
- Failed
- Apr 9, 1998
- Employees
- 34
- Branches
- 4
- Id
- b14758
Quarter by quarter
March 31, 1984 to December 31, 1997
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Omnibank?
$42.0 million in total assets and $40.5 million in deposits as of December 31, 1997, with assets down 32.3% from a year before. Its loans were $28.7 million.
How many branches does Omnibank have?
4 branches in Michigan as of June 30, 2026.
Is Omnibank profitable?
No: it lost $3.26 million from January 1 to December 31, 1997. Its return on assets was -6.62% a year; about 1% is typical.
Who owns Omnibank?
Omnibank is owned by Omnibanc Corp, its holding company.
When did Omnibank fail?
Apr 9, 1998. Shorebank, Detroit of River Rouge, MI took over its deposits. The estimated cost of the failure was $2.87 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.