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, Mich., and PHOENIX, Ariz: July 29, 2003: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the Fourth Annual Community Bank Investor Conference hosted by Keefe, Bruyette and Woods, Inc. in New York City, July 29 - 31, 2003.

Capitol Bancorp Limited Chairman and CEO, Joseph D. Reid, will be joined by Capitol Bancorp's Chief Financial Officer, Lee W. Hendrickson, and Chief of Capital Markets, Michael M. Moran in providing an overview of the company's unique operating model, financial performance and major strategic initiatives to institutional investors, securities analysts and investment bankers who focus on the community banking industry.

Capitol Bancorp's presentation will be webcast on Thursday, July 31, 2003 at 2:35 p.m. EDT. The webcast can be accessed at www.kbw.com. There is no charge to access the presentation and it is open to media, investors, shareholders and other interested parties.

Capitol Bancorp Limited reported record second quarter 2003 earnings of approximately $5.7 million, or $0.45 per share on a diluted basis earlier this month. The company was recently named to Fortune magazine's top 100 fastest growing small public companies in the country.

About Capitol Bancorp Limited
Capitol Bancorp Limited is a $2.6 billion community bank development company, with 29 individual charters operating 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, Mich. and Phoenix, Ariz.