Omni Financial Services, Inc. (NASDAQ: OFSI), the bank holding company for Omni National Bank (?Omni?), announced today that Omni executed a Purchase and Sale agreement between Omni and Amalgamated Bank of Chicago on April 20, 2007. The agreement will enable Omni to purchase a parcel of real estate and a building located at 55 West Van Buren/400 South Dearborn, Chicago, Illinois. Omni intends to establish a full-service banking office in the building.

?While we currently have a branch in Oak Park, Illinois, we felt that it was important to our customers to have a larger presence in the Chicago area,? said Asif Mujtaba, President of Omni's Illinois Region. He also noted that the downtown building, which is located near the Library Station of the CTA Elevated Loop, adds another level of convenience for Omni's customers and employees.

Irwin Berman, President of Omni National Bank, said ?Our expansion efforts in the past month further reflect our commitment to meet the needs of our customers. We recently opened a new branch in Fayetteville, North Carolina, a loan production office in Dallas, Texas, and relocated a branch in Dalton, Georgia. In addition, we have entered into an agreement to acquire a Texas charter which will enable us to open a banking office in that market. We will continue to focus on our market areas to identify opportunities for growth.?

About Omni

Omni Financial Services, Inc. is a bank holding company headquartered in Atlanta, Georgia. Omni Financial Services, Inc. provides a full range of banking and related services through its wholly owned subsidiary, Omni National Bank, a national bank headquartered in Atlanta, Georgia. It has one full-service banking location in Atlanta, Georgia, one in Dalton, Georgia, five in North Carolina, one in Chicago, Illinois, and one in Tampa, Florida. In addition, Omni has loan production offices in Charlotte, North Carolina, Birmingham, Alabama, Philadelphia, Pennsylvania, and Dallas, Texas. Omni provides traditional lending and deposit gathering capabilities, as well as a broad array of financial products and services, including specialized services such as community redevelopment lending, small business lending and equipment leasing, warehouse lending, and asset-based lending. Omni Financial Services, Inc.'s common stock is traded on the NASDAQ Global Market under the ticker symbol "OFSI." Additional information about Omni Financial is available on its website at www.onb.com.

Except for historical information contained herein, the matters discussed in this press release consist of forward-looking information under the Private Securities Litigation Reform Act of 1995. The accuracy of the forward-looking information is necessarily subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. These risks and uncertainties include, but are not limited to, unforeseen general economic conditions, potential difficulties in the execution of Omni Financial Services, Inc.'s business and growth strategies, competitive risks and other factors set forth from time to time in Omni Financial Services, Inc.'s filings with the Securities and Exchange Commission. When used in this release, the words ?believes,? ?estimates,? ?plans,? ?expects,? ?should,? ?will,? ?may,? ?might,? ?outlook,? and ?anticipates? are similar expressions as they relate to Omni Financial Services, Inc. (including its subsidiaries), or its management, and are intended to identify forward-looking statements.