Bendigo and Adelaide Bank has launched a non-underwritten share purchase plan, offering shareholders up to A$7500 of shares at a 2.5 per cent discount to the volume weighted average price of Bendigo and Adelaide shares for the five trading days ending on October 21. The bank will use the capital to acquire $1.35 billion of mortgages from the Western Australian Government's low-deposit home lender Keystart. Bendigo and Adelaide will pay a 0.2 per cent premium for the portfolio, which is made up of owner-occupier variable rate loans, with an average size of $225,000, an average loan-to-valuation ratio of 84 per cent and an average age of 64 months. The share purchase plan offer closes on October 21. SocietyOne has appointed Jenny Hosie as a non-executive director. Hosie is the director of integrated sales at RED, a division of Seven West Media, where she has worked since 2008. She has also been commercial director of Yahoo7. The SocietyOne board is chaired by former Pacific Equity Partners managing director Anthony Kerwick. A recapitalisation plan for Deutsche Bank may be close to being finalised, with two pillars of any plan widely reported over the weekend. Qatar's royal family is considering increasing its stake in Deutsche Bank to as much as 25 per cent from a current stake of about ten per cent. The bank's fund management unit may also be sold off. The US Department of Justice is pursuing the bank for a US$14 billion settlement over claims that it misled investors about the quality of mortgage-backed securities dating from before the great recession.