A Washington, D.C., investment banking firm is seeking to acquire a 25% stake in the struggling Bank Plus Corp. of Los Angeles.

Hovde Financial Inc., which already owns 13.98% of the thrift company's stock, has applied with the Office of Thrift Supervision to acquire an additional 2.1 million shares, according to Securities and Exchange Commission filing this week. Hovde would buy the shares through one of its limited partnerships, Pacific Financial Investors.

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