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.
