M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Tuesday, May 26, 2009

OTS Approves Bank Purchase by a Consortium of Private Equity Firms in Switch of Policy

The Office of Thrift Supervision recently approved the purchase of a thrift (BankUnited FSB) under its supervision by a consortium of private equity firms. This decision makes the OTS the first bank regulatory authority to approve the acquisition of a controlling interest in a U.S. bank by private equity firms.  My firm's memo on the approval is here.

http://lawprofessors.typepad.com/mergers/2009/05/ots-approves-bank-purchase-by-a-consortium-of-private-equity-firms-in-switch-of-policy.html

Miscellaneous Regulatory Clearances | Permalink

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