BankUnited equity investors stay under regulatory threshold - Business First of Louisville:

http://www.artd-multiservices.com/article/Why-LendingTree-Is-Becoming-A-Broker.html
According to the new banking holdinvg company application approved by theon Thursday, W.L. Ross Co., will each hold 23.58 percent of Coral Gables-basefd BU Financial Holdings. That holding company controls the subsidiary BUFinancial Corp., which owns The original BankUnited was seized by the OTS on Thursdag and placed into receivership with the The investors behind BU Financiak Holdings won the bidding for it and injectec more than $900 million in capital into the The document also disclosed that -related entities had investecd more than 25 percent of the capitap in one of the W.L. Ross-controller funds that owns partof BankUnited.
The three main hedgr funds with the largest stakes in BU Financial Holdings successfullyh convinced the OTS that none of them shouls be classified as a controlling entitgof BankUnited. A designation of control woulrd have resulted in being regulated as a bankholding company, which coule make them subject to public disclosures and regulator enforcement oversight. “Private equity funds generally don't want to be regulatedr as thriftholding companies,” said Greg Bader, the chairma n of the banking and financial services practicew at the law firm in Fort “If they are deemed to control a they would need to register as a thriff holding company.
This would subject them to the requirements/restrictionsa for these kinds of holding which could be inconsistentr with theirother businesses. The OTS would also regulated andexamine them.” would hold title to, maintain and manage the disposition of residentialk properties acquired through foreclosure. CRE Properties wouldc hold title to, maintaibn and manage the disposition of commercia real estate acquired through BU REIT would hold a 100 percent participationj interest in certain residentialmortgage T&D Properties would hold tax certificatesd and title to real propert y acquired through tax deeds.
The OTS also required BankUnited to give ita three-yeaer business plan within 60 days and keep the regulatoer up to date on its progress under that plan.