Capitol Bancorp Center
200 Washington Sq. North
Lansing, MI 48933

2777 East Camelback Road
Suite 375
Phoenix, AZ 85016

Analyst Contact:
Michael M. Moran
Chief of Capital Markets
877-884-5662

Media Contact:
Joal Redmond
Corporate Communications
602-977-3797

Lansing, Michigan and Phoenix, Arizona: June 16, 2003: Capitol Bancorp Limited announced it will begin trading on the New York Stock Exchange under the ticker symbol CBC on June 24, 2003. Capitol Bancorp Limited has traded on the Nasdaq since 1989 under the symbol CBCL.

"This transition represents a significant milestone for our company and is part of our growth strategy," said Joseph D. Reid, Chairman and Chief Executive Officer of Capitol Bancorp Limited. "We are confident our move to the New York Stock Exchange will increase market awareness as well as offer our shareholders an optimal trading environment," he said.

Reid and founding members of Capitol Bancorp Limited's board of directors will celebrate the move to the New York Stock Exchange by ringing the Opening BellTM to open trading at 9:30 a.m. EDT on June 24.

About Capitol Bancorp Limited
Capitol Bancorp Limited is one of the nation's largest community banking organizations, holding 29 individual charters for banking operations in eight states. Capitol Bancorp Limited identifies opportunities for the development of new community banks, raises capital and mentors a community bank through its formative stages. Each community bank has full local decision-making authority and is managed by an on-site president under the direction of a local board of directors composed of business leaders from the bank's community. Capitol Bancorp Limited was founded in 1988 and has headquarters in Lansing, Michigan and Phoenix, Arizona. The company has issued 43 consecutive quarterly cash dividends as of April 21, 2003.