BOM, a mortgage-centric broker/dealer, is expected to operate its business under the name of Banc of Manhattan Capital
Manhattan Bancorp, the holding company of Bank of Manhattan, N.A., has completed its investment in BOM Capital through its wholly-owned subsidiary, MBFS Holdings (MBFS).
BOM is expected to operate its business under the name, Banc of Manhattan Capital (BMC). BMC is a full service mortgage-centric broker/dealer. The firm focuses on institutional fixed income trading. BMC is also expected to search for an entry point into the origination of residential mortgage loans.
Kyle Ransford, chairman of Manhattan Bancorp, said: “Manhattan is looking forward to growing the capital markets sector of our business, and we see the BOM Capital team as an integral part of our success.”
Greg Jacobson, a senior managing director at BMC, said: “When it comes to mortgages and other fixed income securities, we have the right resources, talent and focus to benefit our clients. This platform will provide us with the foundation for a successful business.”
The company, through its wholly-owned subsidiary, MBFS, owns 70% of Banc of Manhattan Capital, and Bodi Advisors is expected to retain a 30% interest.