SAN FRANCISCO - Pacific Bank, a long-troubled San Francisco community bank, is set to raise $25 million in the next week by offering stock rights through Keefe, Bruyette & Woods Inc.

But industry sources said the bank is still in active discussions with a third party to recapitalize the $500 million-million bank, which is under regulatory orders to raise capital. A spokesperson for the bank confirmed the recapitalization is in the works, but declined further comment.

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