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Article: Favor Seen for Private Equity in Banks.(Brief article)
- Article from:
- American Banker
- Article date:
- October 28, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matthew Monks
James Lockhart, vice chairman of WL Ross & Co., said he is seeing "significant desire" for private-equity capital from small and midsize banks that did not get federal aid.
His buyout shop has held meetings with numerous lenders that turned down or did not qualify for federal aid but now need capital, Lockhart said at a SourceMedia conference in New York.
The New York investment firm was in a group of investors that bought BankUnited Financial Corp. in Coral Gables, Fla., this year.
Lockhart, a former director of the Federal ...