Acknowledging its inability to raise enough capital to survive, San Francisco's Continental Savings of America consented Friday to being placed in the federal government's "accelerated resolution" program.

The company, which has six Bay-area branches and a number of loan production offices in California, lost $10.7 million in the first nine months of last year. It's tangible capital on Sept. 30 was 2.95% and its risk-based capital was 5.26%

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