Capitol Bancorp Limited
Download full report | Download 10-K | Download Proxy
2004 Annual Report > Southwest > Southern Arizona Community Bank
previous | next

Endless Possibilities for Growth
Looking back on 2004, we’re excited about our bank’s accomplishments.

The bank reported record earnings. We feel our disciplined, yet compassionate, approach to community banking leads to improved efficiencies, increased earnings and a loyal and growing customer base for years to come.

Our leadership with the redevelopment of homes and businesses destroyed in the wildfires on Mount Lemmon in 2003 has already led to the financing of a new general store in the mountain community of Summerhaven. Our goal is to stay active in the revitalization, with $5 million in new lending potential over the next five years.

“The banking relationship commitment of our bank to the community transfers directly to our community service commitment. We live here; we work here. Our clients are our extended family.”

- Bob Elliott, Bank Director
The construction of our 1,900-square-foot addition was completed last year. This allowed us to relocate our commercial lending department from cramped quarters and hire additional employees to enhance the services we provide new and existing customers.

Our staff is involved in 11 nonprofit organizations. Our community sponsorships include three consecutive years as the official bank of the world-class El Tour de Tucson bicycle event. We also continue to sponsor events to benefit needy families and deserving youth.

We have successfully launched our quarterly newsletter for customers – MONEY TALK$. Distributed with bank statements and available on our web site, the newsletter publicizes our staff, directors, products and services.

The past year was incredibly successful. The groundwork is laid for future business development and community participation. We believe the opportunities are endless. Thank you for your continued support and for believing in our bank.

John P. Lewis
President & CEO


Southern Arizona Community Bank
6400 North Oracle Road
Tucson, AZ 85704
520-219-5000

www.southernarizonabank.com

Founded: August 17, 1998


Board of Directors
William R. Assenmacher
President
T. A. Caid Industries, Inc.

Jody A. Comstock, M.D.
Physician & Owner
Skin Spectrum

Michael J. Devine
Attorney at Law

Robert A. Elliott
President & Owner
The Elliott Accounting Group
Michael W. Franks
Principal
Seaver Franks Architects

Michael L. Kasten
Managing Partner
Kasten Investments, LLC

Yoram S. Levy
Partner
Triangle Ventures, LLC

John P. Lewis
President & CEO
Southern Arizona Community Bank
Jim Livengood
Director of Athletics
University of Arizona

James A. Mather
Attorney at Law & CPA

Morgan E. North
President & Owner
Borderland Construction Company, Inc.

James M. Sakrison
Principal & Attorney at Law
Slutes, Sakrison & Hill, P.C.
Jean M. Tkachyk
CFO
University Physicians, Inc.

Paul A. Zucarelli
Principal
CBIZ, Gordon, Zucarelli
& Handley Insurance, Ltd.
Officers
Paul A. Zucarelli
Chairman

Michael L. Kasten
Vice Chairman

John P. Lewis
President & CEO

Robert A. Elliott
Secretary
Michael J. Trueba
Executive Vice President & CCO

Terri R. Gomez
Senior Vice President

Minette Goldsmith
Vice President

James G. Loane
Vice President
Mindy C. Webb
Vice President

© Copyright 2005 Capitol Bancorp Limited