OABC (MM)

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of OmniAmerican Bancorp (“OmniAmerican” or the “Company”) (NasdaqGS: OABC) and other violations of state law by the board of directors of OmniAmerican relating to the proposed sale of the Company to Southside Bancshares (“Southside”).

Under the terms of the transaction, OmniAmerican shareholders will receive $13.125 in cash and 0.4459 shares of SBSI common stock for each share of OmniAmerican stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Southside is underpaying for OmniAmerican shares.

If you currently own common stock of OmniAmerican and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.

You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.

Brower Piven, A Professional Corporation1925 Old Valley RoadStevenson, Maryland 21153Charles J. Piven, 410-415-6616hoffman@browerpiven.com

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