Omni Financial Services, Inc. (?Omni?) today announced the sale of 3,350,000 shares of its common stock at an initial public offering price of $9.50 per share. Sandler O'Neill + Partners, L.P. is the lead manager and book runner for this offering and Keefe, Bruyette & Woods, Inc. was selected as a co-manager.

Omni has granted the underwriters an option exercisable within 30 days to purchase up to an additional 502,500 shares of common stock to cover over-allotments. The offering is scheduled to close on Wednesday, October 4, 2006, subject to customary closing conditions contained in the underwriting agreement entered into among Omni and the underwriters.

Omni's common stock is listed on the Nasdaq Global Market under the symbol ?OFSI.?

Copies of a written prospectus for the offering may be obtained from Sandler O'Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, Attn: Syndicate Department or from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019, Attn: Syndicate Department.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Omni

Omni Financial Services, Inc. is a bank holding company headquartered in Atlanta, Georgia. Its operations are conducted principally through its wholly owned subsidiary, Omni National Bank. Omni provides a board array of financial products and services, including specialized services such as community redevelopment lending, small business lending and equipment leasing, residential construction lending, consumer lending, warehouse lending and asset-based lending.

Omni has one full-service banking location in Atlanta, Georgia, one in Dalton, Georgia, four in North Carolina, one in Chicago, Illinois and one in Tampa, Florida. In addition, Omni has loan production offices in Charlotte, North Carolina, Dalton, Georgia and Birmingham, Alabama.