FDIC - Omni National Bank Receivership

Situation

During a surge in U.S. bank failures, the FDIC assumed control of Omni National Bank’s assets, including a 2009 MCI Crusader Entertainer Coach Bus and multiple semi-trucks located in Alpharetta, Georgia.

The complication: these assets had been repossessed and secured by a third-party recovery company, and the failed bank owed them outstanding recovery and storage fees. Before liquidation could begin, Worley had to navigate negotiations, secure cooperation, and arrange to keep the equipment onsite for 30 days to conduct a structured online auction with buyer inspections.

Solution

Worley coordinated directly with the FDIC and the recovery firm to establish an agreement that preserved asset access while protecting the receivership’s financial interests.

To maximize returns, our team:

• Negotiated site control for auction previews
• Coordinated mobile repairs including tires and light mechanical work
• Professionally detailed and defumigated the entertainer coach
• Executed a targeted national marketing campaign reaching transportation, fleet, and specialty vehicle buyers
• Managed secure onsite inspections and buyer communications

By solving operational, financial, and logistical challenges simultaneously, Worley transformed a complicated recovery into a competitive national auction event.

Outcome

The 2009 MCI Crusader Entertainer Coach Bus achieved $356,500 at auction. Additional trucks and assets brought the total sale to $627,037.

This assignment became one of several successful FDIC receivership auctions conducted by Worley in major markets including Atlanta, Chicago, Tampa, and Houston—demonstrating our ability to manage complex institutional liquidations with professionalism, discretion, and measurable results.