Several of Los Angeles' community banks, considered by some to be the worst hit institutions in California's continuing recession and real estate slump, are seeking to raise capital to brace their crumpling loan portfolios.

Currently, four community banks in Los Angeles are trying to raise about $6 million total. And banking sources there said three other institutions will attempt to raise capital in the coming months.

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.