SHAREHOLDER ALERT: Brower Piven Announces the Investigation of OmniAmerican Bancorp in Connection with the Sale of the Company

  SHAREHOLDER ALERT: Brower Piven Announces the Investigation of OmniAmerican
  Bancorp in Connection with the Sale of the Company to Southside Bancshares

Business Wire

STEVENSON, Md. -- May 8, 2014

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.

Contact:

Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
 
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