News 2007

December 19, 2007:: Capitol Bancorp Opens Its Second Bank In Texas
LANSING, Mich. and PHOENIX, Ariz.: December 19, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.7 billion community bank development company, announced today that it has opened its second de novo community bank in one week in the state of Texas. The opening of Bank of Las Colinas, located in Irving, brings the total number of separately chartered community banks in the Capitol Bancorp network to 60. The largest holder of individual bank charters in the U.S., Capitol Bancorp is located in 17 states across the country.
December 14, 2007:: Capitol Bancorp Opens Its First Bank in Texas
LANSING, Mich. and PHOENIX, Ariz.: December 14, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.7 billion national community bank development company, announced today that it has opened its first de novo community bank in Texas. Bank of Fort Bend is located 25 miles southwest of Houston, in Sugar Land. Capitol Bancorp, the largest holder of individual bank charters in the U.S., has a total of 59 separately chartered community banks in 17 states.
December 06, 2007:: Capitol Bancorp Limited Opens Its First Bank in Nebraska
LANSING, Mich. and PHOENIX, Ariz.: December 6, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.7 billion community bank development company, announced today that it has opened its first de novo community bank in Nebraska, Community Bank of Lincoln.
November 20, 2007:: Capitol Bancorp Limited to Present at 2007 FBR Capital Markets Investor Conference in New York, November 27
LANSING, Mich. and PHOENIX, Ariz.: Nov. 20, 2007: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the 2007 FBR Capital Markets Investor Conference in New York on Tuesday, November 27.
November 13, 2007:: Capitol Bancorp Opens Eighth Bank in the State of California
LANSING, Mich. and PHOENIX, Ariz.: Nov. 13, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.7 billion national community bank development company, announced today the opening of its eighth individually chartered community bank in California, Bank of Feather River, located in northern California's Yuba City, in the Sacramento Valley.
October 25, 2007:: Capitol Bancorp Declares 61st Consecutive Quarterly Cash Dividend
LANSING, Mich. and PHOENIX, Ariz.: October 25, 2007: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 61st consecutive quarterly cash dividend. The dividend declared today of $0.25 per common share is payable December 3, 2007, to shareholders of record as of November 8, 2007.
October 18, 2007:: Capitol Bancorp Reports Third Quarter Results
LANSING, Mich. and PHOENIX, Ariz.: October 18, 2007: Capitol Bancorp Limited (NYSE: CBC) today reported third quarter 2007 net income approximating $6.0 million compared to $10.8 million in the third quarter of 2006. Basic and diluted earnings per share (EPS) were both $0.35 for the third quarter of 2007, compared to $0.37 on a linked-quarter basis and $0.68 and $0.66, respectively, for the third quarter of 2006. Consolidated assets approximated $4.7 billion at September 30, 2007, a 21 percent increase when compared to $3.9 billion a year ago. Total portfolio loans approximated $4 billion, increasing 22 percent year-over-year, when compared to the $3.3 billion reported at September 30, 2006, and reflecting 24 percent growth, annualized, on a linked-quarter basis. Total deposits, approximating $3.7 billion, reflect an 18 percent increase over the approximate $3.1 billion reported in 2006.
October 10, 2007:: Capitol Bancorp Opens Third Bank in Colorado
LANSING, Mich. and PHOENIX, Ariz.: October 10, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.4 billion national community bank development company, announced today the opening of its 56th individually chartered community bank, Loveland Bank of Commerce, located in the Loveland area of northern Colorado.
October 1, 2007:: Capitol Bancorp Opens Its First Bank in Oregon
LANSING, Mich., and PHOENIX, Ariz: October 1, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.4 billion community bank development company, announced today that it has opened its first de novo community bank in Oregon. High Desert Bank, located in Bend, brings the total number of separately chartered community banks in the Capitol Bancorp network to 55 in 15 states across the country.
September 4, 2007:: Capitol Bancorp Limited to Present at West Coast SuperCommunity Bank Conference in San Francisco, September 6
LANSING, Mich., and PHOENIX: August 31, 2007: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the West Coast SuperCommunity Bank Investor Conference in San Francisco on Thursday, September 6.
August 6, 2007:: Capitol Bancorp Opens First Bank in New York State
LANSING, Mich. and PHOENIX, Ariz.: August 6, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.4 billion national community bank development company, announced today the opening of its 54th individually chartered community bank, USNY Bank, located in upstate New York. USNY Bank represents the 15th state in which Capitol Bancorp has bank operations.
July 26, 2007:: Capitol Bancorp Declares 60th Consecutive Quarterly Cash Dividend
LANSING, Mich., and PHOENIX, Ariz.: July 26, 2007: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 60th consecutive quarterly cash dividend of $0.25 per common share. The dividend declared today is payable September 3, 2007, to shareholders of record as of August 9, 2007.
July 25, 2007:: Capitol Bancorp to Present at Keefe, Bruyette & Woods Eighth Annual Community Bank Investor Conference in New York, July 31
LANSING, Mich., and PHOENIX, Ariz: July 25, 2007: Capitol Bancorp Limited (NYSE:CBC), will be a featured presenter at the Eighth Annual Community Bank Investor Conference hosted by Keefe, Bruyette & Woods in New York City on July 31, 2007.
July 19, 2007:: Capitol Bancorp Opens Its 53rd Community Bank
LANSING, Mich., and PHOENIX, Ariz: July 19, 2007: Capitol Bancorp Limited (NYSE:CBC), a $4.4 billion community bank development company, announced today the opening of its 53rd individually chartered community bank, Issaquah Community Bank, in Issaquah, Washington.
July 19, 2007:: Capitol Bancorp Reports Second Quarter Results
LANSING, Mich. and PHOENIX, Ariz.: July 19, 2007: - Capitol Bancorp Limited (NYSE: CBC) today reported second quarter 2007 net income approximating $6.3 million compared to $10.3 million in the second quarter of 2006. Basic and diluted earnings per share (EPS) were both $0.37 for the second quarter of 2007, compared to $0.65 and $0.63, respectively, for the second quarter of 2006. Consolidated assets approximated $4.4 billion at June 30, 2007, a 19 percent increase when compared to $3.7 billion a year ago. Total portfolio loans approximated $3.8 billion, also increasing 19 percent year-over-year, when compared to the approximate $3.2 billion reported at June 30, 2006, and reflecting 20 percent growth, annualized, on a linked-quarter basis. Total deposits, exceeding $3.5 billion, reflect an 18 percent increase over the approximate $3.0 billion reported in 2006.
June 12, 2007:: Capitol Bancorp Welcomes Todd Surline As Chief of Human Capital Management
LANSING, Mich - June 12, 2007 - Todd Surline, an experienced human resources professional from the financial services industry, has joined Capitol Bancorp as Chief of Human Capital Management.
May 17, 2007:: Capitol Bancorp Names Stephen Todd Chief of Bank Performance
LANSING, Mich., and PHOENIX, Ariz.: May 17, 2007: Stephen D. Todd has been named Chief of Bank Performance for Capitol Bancorp (NYSE: CBC). In this newly created role, Todd will work closely with the Corporation's regional presidents to provide guidance, informational resources and to ensure that a comprehensive bank-level Asset Liability (ALCO) management process is in place at each of Capitol's community banks. He and his team will provide the key financial metrics to assist the regional and bank presidents in modeling performance improvement, managing liquidity, interest rate sensitivity and capital adequacy.
May 10, 2007:: Capitol Bancorp Opens Larimer Bank of Commerce in Colorado
LANSING, Mich., and PHOENIX, Ariz.: May 10, 2007: Capitol Bancorp Limited (NYSE:CBC), a $4.3 billion national community bank development company, announced today the opening of its second individually chartered community bank in Colorado, Larimer Bank of Commerce.
April 27, 2007:: Capitol Bancorp Reiterates Development Initiatives at Annual Meeting
LANSING, Mich., and PHOENIX, Ariz.: April 27, 2007: At the 19th annual meeting of shareholders of Capitol Bancorp Limited (NYSE:CBC) on Wednesday, April 25, 2007, Chairman Joseph D. Reid reported on future plans to expand the Corporation's growth initiatives into Nebraska, New York, Oklahoma, Oregon and Texas. Additional bank development is underway in Arizona, California, Colorado, Missouri, North Carolina, Ohio and Washington. During the first quarter of 2007, Capitol Bancorp opened two new community banks: Bank of Tacoma in Washington and Sunrise Community Bank in Palm Desert, California.
April 24, 2007:: Capitol Bancorp Declares 59th Consecutive Quarterly Cash Dividend
LANSING, Mich., and PHOENIX, Ariz.: April 24, 2007: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 59th consecutive quarterly cash dividend at $0.25 per common share, consistent with dividends paid during the past four quarters. The dividend is payable June 1, 2007, to shareholders of record as of May 7, 2007.
April 20, 2007:: Capitol Bancorp Reports First Quarter Results and Continued Efforts for National Growth and Diversification
LANSING, Mich. and PHOENIX, Ariz.: April 20, 2007: Capitol Bancorp Limited (NYSE: CBC) today reported first quarter 2007 net income approximating $6.3 million compared to $10 million in the first quarter of 2006. Basic and diluted earnings per share (EPS) were $0.38 and $0.36, respectively, compared to $0.64 and $0.61 for the first quarter of 2006. With annualized growth of 19 percent in the first three months of 2007, consolidated assets approximated $4.3 billion at March 31, 2007, compared to $3.6 billion a year ago. Total portfolio loans exceeded $3.6 billion, increasing 18 percent when compared to the approximate $3.1 billion reported at March 31, 2006. Total deposits neared $3.4 billion, reflecting a 16 percent increase on an annualized basis.
April 03, 2007:: Capitol Bancorp Announces Capital Raising Initiatives That Add to Balance Sheet Strength: Approximately $55 Million of Trust Preferred Securities Raised in Pooled Offerings
LANSING, Mich., and PHOENIX, Ariz.: April 3, 2007: Today, Capitol Bancorp Limited (NYSE:CBC) announced the issuance of $55 million of trust preferred securities through two pooled trust preferred programs. On March 15, 2007, approximately $35 million of trust preferred securities were issued, structured with a 30-year term and callable at par after five years, with a fixed rate of 6.55 percent for the first five years, and thereafter with a floating distribution rate equal to the 3-month LIBOR plus 1.65 percent. In addition, approximately $20 million of trust preferred securities were issued on March 22, 2007, also structured with a 30-year term and callable at par after five years, with a floating rate priced at 3-month LIBOR plus 1.65 percent, and currently carrying a pre-tax cost of approximately 7 percent.
March 13, 2007:: Capitol Bancorp Opens Sunrise Community Bank in Palm Desert, CA
LANSING, Mich. and PHOENIX, Ariz.: March 13, 2007: Capitol Bancorp Limited (NYSE: CBC), a $4.1 billion national community bank development company, announced today the opening of its seventh individually chartered community bank in California, Sunrise Community Bank in Palm Desert. Thus far in 2007, Capitol has opened two de novo community banks and development activity is currently underway across the country, with applications pending in New York, Oregon and Colorado.
March 12, 2007:: Capitol Bancorp Chief Information Officer David J. Dutton Announces Retirement; Gregory Bixby Appointed to CIO Post
LANSING, Mich., and PHOENIX: March 12, 2007: David J. Dutton, Chief Information Officer of Capitol Bancorp Limited (NYSE:CBC), today announced his retirement, effective March 31, 2007. Gregory R Bixby, recognized IT banking veteran, has been appointed to the position.
March 1, 2007:: Capitol Bancorp to Present at Sandler O'Neill & Partners West Coast Financial Services Conference in San Francisco, March 6 (PDF)
LANSING, Mich., and PHOENIX: March 1, 2007: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the West Coast Financial Services Conference hosted by Sandler O'Neill & Partners, L.P., in San Francisco on Tuesday, March 6. The discussion will be webcast live on Tuesday, March 6, 2007, at 3:30 p.m. PT with a replay available for 30 days following the event. Webcast details are at http://www.sandleroneill.com.
February 22, 2007:: Capitol Bancorp Limited to Present at Midwest 2007 Super Community Bank Conference in Chicago, February 27
LANSING, Mich., and PHOENIX: Feb. 22, 2007: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the Midwest 2007 Super Community Bank Conference in Chicago on Tuesday, February 27. The presentation will be webcast live on Tuesday, February 27, 2007, at 2:50 p.m. CT/ 3:50 p.m. ET with a replay available for 30 days following the event. Webcast details are located at http://www.super-communitybanking.com/midwest/webcast.htm.
January 31, 2007:: Capitol Bancorp Declares 58th Consecutive Quarterly Cash Dividend
LANSING, Mich., and PHOENIX: Jan. 31, 2007: The Board of Directors of Capitol Bancorp Limited (NYSE:CBC) today announced the Corporation's 58th consecutive quarterly cash dividend at $0.25 per common share, consistent with last quarter's dividend and a 25 percent increase over the $0.20 dividend paid in the same period in 2006. The dividend is payable March 1, 2007, to shareholders of record as of February 13, 2007.
January 26, 2007:: Capitol Bancorp Announces Record Full Year Earnings, Up 18% (PDF)
LANSING, Mich., and PHOENIX: Jan. 26, 2007: Today, Capitol Bancorp (NYSE:CBC) reported record year-end earnings for 2006 approximating $42.4 million, an 18 percent increase over 2005's earnings which approximated $36 million. Basic and diluted earnings per share (EPS) for 2006, also records for Capitol Bancorp, were $2.69 and $2.57, respectively, even while the Corporation experienced a nearly 900,000 share increase, or approximately 6 percent expansion, in the outstanding share count to approximately 16.7 million shares at year-end 2006. For the fourth quarter 2006, Capitol Bancorp reported record earnings approximating $11.4 million, a 14 percent increase over the $10 million in earnings recorded in the preceding year. Record basic and diluted EPS for 2006's closing quarter of $0.71 and $0.68, respectively, represent an 8 percent and 6 percent increase as compared to 2005's fourth quarter amounts of $0.66 and $0.64.

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