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 23, 2004: Bruce D. Jones, a longtime North Carolina banker, has joined Capitol Bancorp Limited (NYSE:CBC), a $3 billion community bank development company with 31 banks across the country, as President of the Southeast Region. In this role, Jones will guide Capitol's community bank development initiatives throughout an 11-state region.

"We have embarked on an aggressive growth campaign and have identified many development opportunities in this part of the country," said Joseph D. Reid, Chairman and CEO of Capitol Bancorp. "Bruce's extensive banking background and impressive record of community involvement make him the right candidate for this newly created position."

Jones has been with Rowan Bank for 15 years, most recently as Chairman, president and CEO. In this capacity he was responsible for strategic planning, asset/liability management, new product development, business development and marketing. A native North Carolinan, Jones started his career in financial services more than 26 years ago with First Savings and Loan in Hickory, North Carolina. Prior to joining Rowan Bank, he was with Southeastern Savings Bank for eight years where he served in various positions on both the retail and commercial lending side of the bank.

"This new assignment offers me the opportunity to utilize my banking experience while continuing to support my belief that community banking is about much more than offering financial services," said Jones. "A critical component in successful community banking is being involved with community efforts and initiatives that help a community, its businesses and residents, prosper."

Jones community involvement ranges from serving as Chairman of the Rowan County Economic Development Commission to spear-heading capital campaigns for the Rowan Historical Society and the Chamber's Focus Forward initiative, to service on the Regional Medical Center board and various economic development groups. He has a long history of giving his time and knowledge to the community from involvement with the YMCA, the public library and the Rowan-Salisbury School Board.

Jones earned a B.S. in Business Administration with emphasis on banking and finance from Appalachian State University.

About Capitol Bancorp
Capitol Bancorp Limited (CBC:NYSE) is a $3 billion community bank development company, with 31 individual bank charters and operations in nine states. Capitol Bancorp began operations in North Carolina earlier this year with the acquisition of First Carolina State Bank in Rocky Mount.

Capitol Bancorp Limited identifies opportunities for the development of new community banks, raises capital, mentors a community bank through its formative stages, and manages its investments in its 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. Capitol Bancorp Limited was founded in 1988 and has headquarters in Lansing, Mich. and Phoenix, Ariz.