Dune Capital Management LP is leading an investor team, which includes the private-equity adviser J. Christopher Flowers and the hedge fund Paulson & Co. Inc., applying for IndyMac Bancorp's assets and deposits.

An Office of Thrift Supervision spokeswoman confirmed Monday that a company called HoldCo., apparently under Dune's control, had applied for thrift holding company status — a step that would be necessary to allow the consortium to own IndyMac's assets.

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