Ed Raice, a former president of EMC Mortgage Corp., the loan servicing arm of Bear Stearns Cos., has raised private-equity money and says he is on the hunt for a bank.

Raice confirmed that he has an interest in buying First Bank of Greenwich in Cos Cob, Conn., a $55 million-asset depository that has been in business for about three years. He would not identify his backers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.