News 2005

December 28, 2005:: Capitol Bancorp Opens Two New Community Banks: Becomes Largest Holder Of Individual Bank Charters In The Country
LANSING, Mich., and PHOENIX: Dec. 28, 2005: Capitol Bancorp Limited (NYSE:CBC), a $3.4 billion national community bank development company, concluded 2005 by opening two new community banks, bringing its network to 41 individually chartered community banks, the largest of any financial institution in the country.
December 2, 2005:: Bank of Las Vegas Shareholders Approve Share Exchange with Capitol Bancorp
LANSING, Mich., and PHOENIX: Dec. 2, 2005: Today Capitol Bancorp (NYSE:CBC) announced that shareholders of Bank of Las Vegas voted to approve the exchange of their privately held shares in Bank of Las Vegas for publicly traded shares of Capitol Bancorp Limited effective November 30, 2005.
November 15, 2005:: Capitol Bancorp Opens Bank in Illinois: Bank of Belleville is Capitol's 39th Community Bank
Capitol Bancorp Limited (NYSE:CBC), a $3.4 billion community bank development company, has opened its first de novo community bank in Illinois. Bank of Belleville, located in southern Illinois, brings the total number of separately chartered community banks in the Capitol Bancorp network to 39.
November 08, 2005:: Capitol Bancorp Names Veteran Regulator Kenneth Myers Director of Risk Management
LANSING, Mich. and PHOENIX: Nov. 8, 2005: Kenneth I. Myers has joined Capitol Bancorp (NYSE:CBC), a $3.4 billion community bank development company, as Director of Risk Management. In this position, Myers will oversee the Corporation's audit, loan review and compliance functions. Myers succeeds Bruce Thomas, president of Capitol Bancorp's Eastern Regions, whose role is expanding as the Corporation adds new banks to its network.
November 01, 2005:: Capitol Bancorp to Present at Mid-Atlantic Super Community Bank Conference on November 7 at 3:05 p.m. ET
LANSING, Mich., and PHOENIX: Nov. 01, 2005: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the Mid-Atlantic Super Community Bank Conference in Philadelphia on Monday, November 7. The presentation will be webcast live at 3:05 p.m. ET. Webcast details are available at http://www.super-communitybanking.com/midatlantic.htm.
October 25, 2005:: Capitol Bancorp Increases Quarterly Cash Dividend (PDF)
LANSING, Mich., and PHOENIX: Oct. 25, 2005: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 53rd consecutive quarterly cash dividend, increasing the payment from $0.18 to $0.19 per common share. The dividend of $0.19 per common share represents a 12 percent increase over the $0.17 dividend paid in the same period in 2004 and a 6 percent increase over the $0.18 dividend paid in the preceding quarter. This dividend is payable December 1, 2005, to shareholders of record as of November 7, 2005.
October 19, 2005:: Capitol Bancorp Announces Record Earnings, Up 29% (PDF)
LANSING, Mich., and PHOENIX: October 19, 2005: Today, Capitol Bancorp Limited (NYSE:CBC) reported record third quarter 2005 earnings of $9.6 million versus the $7.4 million recorded in the third quarter of 2004, representing a 29 percent increase. Record earnings per share (EPS) of $0.64 basic and $0.61 on a diluted basis for the quarter ended September 30, 2005, reflect 23 percent and 22 percent increases, respectively, when compared to 2004's comparable quarter EPS figures of $0.52 and $0.50 for basic and diluted.
October 13, 2005:: Capitol Bancorp Announces Filing for a New Community Bank in North Carolina
LANSING, Mich., and PHOENIX: October 13, 2005: Capitol Bancorp Limited (NYSE:CBC), a $3.3 billion community bank development company, has filed an application to organize a new community bank in Rowan County, North Carolina. Pending approval, Community Bank of Rowan (in organization) will join Capitol Bancorp's national network of nearly 40 community banks.
August 31, 2005:: Capitol Bancorp Limited to Present at West Coast Super-Community Bank Conference in San Francisco, September 9
LANSING, Mich., and PHOENIX: August 31, 2005: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the West Coast Super-Community Bank Conference in San Francisco on Friday, September 9.
August 17, 2005:: Capitol Bancorp Names Joseph D. Reid III Director of Bank Development
LANSING, Mich., and PHOENIX: August 17, 2005: The board of directors of Capitol Bancorp Limited (NYSE:CBC) has announced the promotion of Joseph D. Reid III to Director of Bank Development. In this position Reid is responsible for all bank development activities for the Corporation including serving as the liaison between the Corporation's banks in development and the national and state regulatory agencies that review and approve bank applications.
July 26, 2005:: Capitol Bancorp Declares 52nd Consecutive Quarterly Cash Dividend (PDF)
LANSING, Mich., and PHOENIX: July 26, 2005: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 52nd consecutive quarterly cash dividend. The dividend of $0.18 per common share represents a 6 percent increase over the $0.17 dividend paid in the same period in 2004. The dividend is payable September 1, 2005, to shareholders of record as of August 8, 2005.
July 25, 2005:: Capitol Bancorp Announces Filing for New Community Bank in Belleville, Illinois; Application Represents Capitol's Entry Into Illinois
LANSING, Mich., and PHOENIX: July 25, 2005: Capitol Bancorp Limited (NYSE:CBC), a $3.3 billion community bank development company, has filed an application to organize a new community bank in Illinois. Pending approvals, Bank of Belleville (in organization) in Belleville, Illinois, will join Capitol Bancorp's national network of 37 community banks.
July 21, 2005:: Capitol Bancorp Reports Record Quarterly Earnings of $8.3 Million, Up 20 Percent (PDF)
LANSING, Mich., and PHOENIX, Ariz.: July 21, 2005: Today, Capitol Bancorp Limited (NYSE:CBC) reported record second quarter 2005 earnings of $8.3 million, up 20 percent from the same period in 2004. Record earnings per share (EPS) of $0.56 and $0.54 on a basic and diluted basis reflect 14 and 15 percent increases when compared to last year's $0.49 and $0.47, respectively. Total assets exceeded $3.3 billion at June 30, 2005, representing a 16 percent increase on an annualized basis from the beginning of the year. Total portfolio loans exceeded $2.8 billion, increasing 13 percent when compared to the $2.5 billion reported at June 30, 2004. Total deposits surpassed $2.7 billion, reflecting a nearly 17 percent increase on an annualized basis.
July 19, 2005:: Capitol Bancorp to Present at KBW Community Bank Conference on July 26 at 3:30 p.m. EDT
Click here to listen to a replay of the presentation LANSING, Mich., and PHOENIX, Ariz.: July 19, 2005: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the Sixth Annual Community Bank Investor Conference hosted by Keefe, Bruyette & Woods, Inc., in New York City on July 26, 2005. Capitol Bancorp's 25-minute presentation will be web cast at 3:30 p.m. EDT. The web cast can be accessed at www.kbw.com
May 2, 2005:: Capitol Bancorp Announces Plans for Two New Community Banks in California - Banks Slated for San Francisco and Santa Barbara
LANSING, Mich., and PHOENIX, Ariz.: May 2, 2005: Capitol Bancorp Limited (NYSE:CBC), a $3.2 billion community bank development company, has filed applications to organize two new community banks in California. Pending approval, Bank of San Francisco (proposed) and Bank of Santa Barbara (proposed) will join Capitol Bancorp's national network of 34 community banks. Currently, Capitol Bancorp has four community banks operating in California: Napa Community Bank, Sunrise Bank of San Diego, Bank of Escondido and Point Loma Community Bank.
April 26, 2005:: Capitol Bancorp Declares Increase in Quarterly Cash Dividend (PDF)
LANSING, Mich., and PHOENIX, Ariz.: April 26, 2005: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 51st consecutive quarterly cash dividend. The dividend of $0.18 per common share represents a 13 percent increase over the $0.16 dividend paid in the same period in 2004 and a six percent increase over the $0.17 dividend paid in each of the last three quarters. The dividend is payable June 1, 2005 to shareholders of record as of May 9, 2005.
April 21, 2005:: Capitol Bancorp Reports Record Earnings (PDF)
LANSING, Mich., and PHOENIX, Ariz.: April 21, 2005: Today, Capitol Bancorp Limited (NYSE:CBC) reported record first quarter 2005 earnings, exceeding $8 million for the first time in the Corporation's history. Earnings per share (EPS) of $0.55 and $0.52 on a basic and diluted basis, reflect more than 70 percent increases when compared to last year's $0.32 and $0.30, respectively, and matched the record performance reported by Capitol Bancorp in the fourth quarter of 2004.
April 13, 2005:: Capitol Bancorp Limited Announces Purchase of a Majority Interest in Peoples State Bank in Jeffersonville, Georgia
LANSING, Mich., and PHOENIX, Ariz: April 13, 2005: Capitol Bancorp Limited (NYSE:CBC), a $3.1 billion bank development company, announced that it has received all regulatory approvals and completed the purchase of 51 percent of the outstanding shares of common stock of Peoples State Bank in Jeffersonville, Georgia in a cash transaction valued at approximately $1.4 million.
March 14, 2005:: Cristin Reid English Appointed Chief Operating Officer, Bruce Thomas Appointed President/Eastern Regions
LANSING, Mich., and PHOENIX, Ariz.: March 14, 2005: Capitol Bancorp Limited (NYSE:CBC) has appointed Cristin Reid English its chief operating officer (COO) and Bruce A. Thomas has been appointed president of the Corporation's Eastern Regions.
March 1, 2005:: Capitol Bancorp Announces Filing for De Novo Community Bank in Fort Collins, Colorado
LANSING, Mich., and PHOENIX, Ariz.: March 1, 2005: Capitol Bancorp Limited (NYSE:CBC) has filed an application to organize a community bank in Fort Collins, Colorado. Fort Collins Commerce Bank (in organization) will be Capitol's first community bank in Colorado.
February 24, 2005:: Capitol Bancorp Limited to Present at Midwest Super-Community Bank Conference in Chicago, March 1
LANSING, Mich., and PHOENIX, Ariz: February 24, 2005: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the 2005 Midwest Super-Community Bank Conference in Chicago on March 1. To view the Midwest Community Bank web cast, click here.
February 22, 2005:: Capitol Bancorp Announces Filing for De Novo Community Bank in State of Washington
LANSING, Mich., and PHOENIX, Ariz.: February 22, 2005: Capitol Bancorp Limited (NYSE:CBC) has filed an application to organize a community bank in Bellevue, Washington. Bank of Bellevue (in organization) will be Capitol's first community bank in the Northwest region of the country.
February 03, 2005:: Capitol Bancorp Declares 50th Consecutive Quarterly Cash Dividend (PDF)
LANSING, Mich., and PHOENIX, Ariz.: February 3, 2005: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 50th consecutive quarterly cash dividend. The dividend of $0.17 per common share is payable March 1, 2005 to shareholders of record as of February 16, 2005 and represents a 13 percent increase over the $0.15 dividend paid in the same period in 2004.
January 27, 2005:: Capitol Bancorp Announces Record Fourth Quarter And Full Year Earnings (PDF)
LANSING, Mich., and PHOENIX, Ariz.: January 27, 2005: Today, Capitol Bancorp Limited (NYSE:CBC) reported record fourth quarter earnings of nearly $8 million, representing a 26 percent increase over the $6.3 million recorded in the fourth quarter of 2003. Record basic and diluted earnings per share (EPS) for the quarter of $0.55 and $0.52, respectively, represent a 17 percent and 16 percent increase as compared to last year's fourth quarter figures of $0.47 and $0.45. For the year, Capitol reported record earnings approximating $27 million in 2004, a 14 percent increase over 2003's then record $23.4 million bottom line. Record basic and diluted EPS for 2004 were $1.88 and $1.79 respectively.

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