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 20, 2004: David D. Fortune has been appointed Chief Credit Officer for Capitol Bancorp Limited, a community bank development company. In this newly-created role, Fortune will oversee the corporation's loan portfolio and manage its credit policies, procedures and methodology. He will report to Capitol's Chairman and CEO, Joseph D. Reid.

Fortune previously was senior vice president of credit administration for Capitol Bancorp's Western Regions. From 1998 to 2003, he was executive vice president and chief credit officer of Mesa Bank, a Capitol Bancorp affiliate bank in Mesa, Ariz., while simultaneously managing several large-scale projects for the corporation.

A 23-year veteran of the financial services industry, Fortune has extensive experience in commercial lending and credit oversight. He gained front-line commercial banking experience during his time with First Interstate Bank (now Wells Fargo) and Bank One. He also worked in various capacities with Heller Financial, a commercial finance company acquired by GE in 2001.

A graduate of California Lutheran University in Thousand Oaks, Calif., Fortune has a bachelor's degree in accounting.

About Capitol Bancorp Limited
Capitol Bancorp Limited is a $2.9 billion community bank development company, with 31 individually chartered banks and operations in nine states. Capitol Bancorp identifies opportunities for the development of new community banks, raises capital for investment in banks, mentors its community banks through their formative stages and manages its investments in community banks. 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. Founded in 1988, Capitol Bancorp has headquarters in Lansing, Mich., and Phoenix, Ariz.