The chairman of Vineyard Bancorp has assembled a group of investors to buy the Corona, Calif., company, but questions remain whether he can raise enough capital to restore the badly hobbled company to health.

Late Wednesday, the $2.1 billion-asset company announced that its chairman, Douglas Kratz, had formed Vineyard Bancshares Inc., a Minnesota corporation, to buy Vineyard for $18 million, on the condition that he is able to raise $125 million from investors.

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