SAN FRANCISCO --

Bank of San Francisco has turned to its majority investor for the third time in four years to beef up its capital. The small private banking outfit raised $20 million this month in new capital from Putra Masagung, the bank's principal shareholder, who is a shopping center magnate from Indonesia.

The bank, through its holding company, The San Francisco Co., outdid its goal of raising $16.8 million in the private offering.

Kent D. Price said he would step down as chief executive when a replacement is found, but will remain chairman.

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