Manhattan Bancorp, Los Angeles has agreed to invest in a new mortgage-related capital markets and advisory business with Bodi Advisors Inc. and a new MB subsidiary called MB Financial Services Inc. The three entities plan to capitalize a new limited liability company that will conduct business under the name BOM Capital LLC. BOM Capital is slated to focus on the trading of residential mortgage-backed securities and whole loans for the accounts of customers and the company will be positioned to potentially expand into the origination, brokerage and sales of mortgages. Manhattan Bancorp, which is the holding company of Bank of Manhattan, is set to initially own a 70% stake in BOM Capital with Bodi retaining a 30% stake.
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