Pacific Bank, San Francisco's most troubled community bank, is set to raise, $30 million from U.S. and Asian investors to cure its capital crunch.

According to press reports, the $505 million-asset bank last Thursday notified regulators it had received commitments from 15 institutional and individual investors to buy $15 million in newly issued common stock. Another $15 minion will be raised in a stock rights offerings to both new and existing shareholders before yearend.

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