Neighborhood Bancorp in San Diego, holding company of Neighborhood National Bank, has an agreement in place to raise $6 million from Chicago's Taylor Asset Management in Chicago. The deal will effectively double the bank's capital, raising the bank's Tier 1 capital ratio to more than 18% and its total risk-based capital to more than 38%. "This agreement represents an important step in recapitalizing and positioning the bank for future growth," said Dan Yates, the bank's president and chief executive. Taylor Asset Management has been involved in the turn arounds of several California banks, including Tri-Valley Bank in San Ramon, Coast National Bank in San Luis Obispo, Pan Pacific Bank in Fremont and Sierra Vista Bank in Folsom.