FORT WORTH, Texas, Jan. 26, 2011 (GLOBE NEWSWIRE) -- OmniAmerican Bancorp, Inc. (Nasdaq:OABC), the parent of OmniAmerican Bank, announced today the appointment of Wes Turner to the Board of Directors of both OmniAmerican Bancorp, Inc. and OmniAmerican Bank. The appointment, which is effective immediately, was approved during the Board's meeting on January 25, 2011.
Turner's accomplishments have garnered him numerous recognitions, including the TCU Bob Schieffer School of Journalism Ethics Award, the John S. Knight Gold Medal by Knight Ridder (now part of The McClatchy Company), the Distinguished Citizen Award by the Boy Scouts of America Longhorn Council and the Pat Taggart Award by the Texas Daily Newspaper Association. He received his bachelor's degree in education from the University of Texas at Austin.During their meeting, the company's Board of Directors authorized the company to purchase, from time to time, up to an aggregate of 595,125 shares of its common stock in either open-market or private transactions. This represents five percent of the Company's outstanding shares. The timing of these purchases will depend on price, market and business conditions and other factors. The stock repurchase program is not subject to an expiration date. A portion of the shares repurchased may in the future be used to fund stock-based benefit plans. About OmniAmerican Bancorp, Inc. and OmniAmerican Bank OmniAmerican Bancorp, Inc. is traded under the NASDAQ Global Market under the symbol "OABC" and is the holding company for OmniAmerican Bank, a full-service financial institution headquartered in Fort Worth, Texas. OmniAmerican Bank operates 15 branches in the Dallas/Fort Worth Metroplex and offers a full array of consumer products and services plus business/commercial services, mortgages and retirement planning. Founded over 50 years ago, OmniAmerican Bank had $1.1 billion in assets at September 30, 2010, and is proud to provide the highest level of personal service. Electronic banking and additional information are available at www.OmniAmerican.com. The OmniAmerican Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7008
CONTACT: Keishi High Investor Relations Officer 817-367-4640 Keishi.High@OmniAmerican.com